UK pub chain Young's faces £11 million cost increase from tax rises but reports higher profits and revenue.

UK pub chain Young's reported a £11 million hit due to recent tax rises, including higher employer national insurance and minimum wage. Despite these costs, the company saw a 3.3% increase in pre-tax profit to £25.3 million and a 27.2% rise in revenue to £250 million. CEO Simon Dodd noted the successful acquisition of City Pub Group and the boost from Euro 2020 football matches, but expressed concerns over summer weather impacting business.

November 14, 2024
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