Young & Co.‘s Brewery (AIM:YNGA) – nice results from the AIM old boy
The AIM quoted pub and hotel group delivered the usual set of excellent results for the half year ending 28th Sept 2015. It’s not the most exciting investment opportunity on offer on AIM but a high quality business that consistently delivers/
Revenue for the period was up 8.3% with pre-tax profit adjusted for exceptional items up 10.3% to £20.3m. Managed house like-for-like revenue grew 5.5%, with strong momentum in the smaller hotel business.
Clearly the business is highly cash generative with operating profit of £22.3m seeing a pre-tax operating cash inflow of £31.3m bringing down net debt by £3m to £126m despite further investment of £21.8m. This equates…
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