StockMarketWire.com - Young & Co.'s Brewery has made a good start to the current year, without much help from the weather, said chairman Nick Bryan in an AGM statement.

"I am pleased to report that, in the first thirteen weeks of the new financial year, managed house revenues were up 6.5% in total, and up 4.1% on a like-for-like basis, and this was again achieved against strong comparatives from a year ago," he added.

"This financial year will benefit from the recent acquisitions of the Woolpack (Bermondsey) and the Blue Boar (Chipping Norton), the full year benefit of the eight pubs opened last year, and the momentum created by investments made in the existing estate.

"Clearly, the result of the EU Referendum has created considerable political and economic uncertainty and it would be unwise for us to speculate at this early stage on the longer-term effects on the consumer.

"We remain focussed on our proven strategy and are well positioned to deliver an excellent customer experience as well as superior returns for our shareholders."






At 9:14am: [LON:YNGA] Young Cos Brewery PLC share price was -18.5p at 1200.5p



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