JD Wetherspoon reports near-eightfold rise in pre-tax profits

Chain considers opening more outlets as consumers dine in at low-cost pubs amid cost of living crisis

JD Wetherspoon has revealed a near-eightfold uplift in pre-tax profits as price-conscious consumers flocked to drink and dine at its network of low-cost pubs.

The chain reported on Friday that pre-tax profits in the six months to the end of January had risen to 36m from 4.6m a year earlier and said it expected a reasonable outcome" for the current financial year.