- Young & Co's Brewery said its FY pretax profit had frothed up to £37.0m, from £32.8m, and that its dividend was improved to 18.5p a share, from 17.45p.

CEO Patrick Dardis said once again Young & Co's outperformed the sector, and made progress on all key measures, with revenue, profit, margin, cash generation, investment, the value of our pub estate and shareholder returns all strongly ahead.

"This is the reward for our consistent strategy of running high quality, differentiated, individual and well invested pubs, at the heart of the communities in which they sit, staffed by well-trained and motivated teams of people," he said.

Dardis noted that the broader economic and political environment remained uncertain and Young & Co's sector faced unwelcome cost pressures on a number of fronts.

"In response, we are working hard to ensure we are best placed for whatever is around the corner," he said.

At 9:28am: [LON:YNGA] Young Cos Brewery PLC share price was -12.5p at 1330.5p

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