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.

4 months ago
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