Young & Co.'s Brewery, Plc (YNGA.L) reported Wednesday that its fiscal 2024 profit before tax fell 42.8 percent to 20.7 million pounds from last year's 36.2 million pounds.
Basic earnings per share were 18.89 pence, down 62.8 percent from 50.78 pence a year ago.
Adjusted profit before tax was 49.4 million pounds, compared to 45.2 million pounds in the prior year. Adjusted basic earnings per share were 62.97 pence, compared to last year's 64.29 pence.
Revenue for the year, however, increased 5.4 percent to 388.8 million pounds from prior year's 368.9 million pounds.
The British pub chain's total revenue on a comparable 52-week basis went up 7.4 percent and on a like-for like 52-week basis was up 3.4 percent.
Further, the company recommended a final dividend of 10.88 pence, resulting in a total dividend for the year of 21.76 pence, up 6 percent, reflecting strong profit performance and positive outlook. Regarding the current trading, the company said its managed house revenue for the last 9 weeks was ahead of last year by 24.4 percent including City Pub Group; and up by 2.4 percent on a like-for-like basis.
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