young & co's brewery plc - a (YNGA) Snapshot

Young & Co.'s Brewery plc reported group earnings results for the year ended April 1, 2013. For the year, the company reported profit attributable to shareholders of the parent of £17 million or 35.20 pence per diluted share on revenue of £193.7 million compared to loss attributable to shareholders of the parent of £6.5 million or 13.45 pence per diluted share on revenue of £179 million reported in the same period last year. Operating profit was £27.1 million against operating loss of £2.7 million and profit before tax was £22.3 million against loss before tax of £7.5 million reported last year. Profit from continuing operations was £17.0 million or 35.20 pence per diluted share against loss from continuing operations of £5.4 million or 11.13 pence per diluted share reported last year. Net cash flow from operating activities was £29.7 million against £30.7 million reported last year. Purchases of property and equipment was £16.8 million against £25.6 million reported last year. Adjusted earnings after tax was £18.2 million against £16.1 million reported in the same period last year. Adjusted diluted earning per share from continuing operations was 37.74 pence against 33.41 pence reported last year. Adjusted operating profit was £28.9 million against £26.2 million reported last year. Adjusted profit before tax was £24.1 million against £21.3 million reported last year. Net debt at the period end was £112.6 million, down £5.5 million. The Board is recommending a final dividend of 7.61 pence per share, a 5.0% increase, resulting in a total dividend for the year of 14.63 pence against 13.93 pence a year ago. This final dividend, if approved, is expected to be paid on July 11, 2013 to shareholders on the register at the close of business on June 7, 2013.

Young & Co.'s Brewery plc reported unaudited group earnings results for half year ended October 1, 2012. For the half year, the company reported revenue from continuing operations of £100,189,000 compared to revenue from continuing operations of £90,468,000 for the same period a year ago. Operating profit before exceptional items was £16,289,000 compared to £15,006,000 last year. Operating profit was £16,445,000 compared to operating loss of £13,545,000 last year. Profit before tax was £14,010,000 compared to loss before tax of £16,097,000 last year. Profit from continuing operations was £11,603,000 or 24.04 pence per diluted share compared to loss from continuing operations of £14,527,000 or 30.09 pence per basic and diluted share last year. Profit attributable to the shareholders of the parent was £11,601,000 or 24.04 pence per diluted share compared to loss attributable to the shareholders of the parent of £15,629,000 or 32.41 pence per basic and diluted share last year. Net cash flow from operating activities was £14,243,000 compared to £13,116,000 last year. Purchases of property and equipment were £9,457,000 compared to £12,200,000 last year. Net cash generated from operations was £16,282,000 compared to £14,671,000 last year. Adjusted operating profit was £16,289,000 compared to £15,006,000 last year. Adjusted profit before tax was £13,854,000 compared to £12,454,000 last year. Operating profit adjusted for exceptional items increased by 8.5%, driven by strong like for like sales in its managed estate and returns from last year's investments. Adjusted earnings after tax was £10,671,000 or 22.11 pence per diluted share compared to £9,031,000 or 18.73 pence per basic and diluted share last year. Net debt was reduced by £1.0 million to £117.1 million, a ratio of 3.0 times EBITDA, despite continued investment in its pub estates. Net assets per share, having taken account of deferred tax, are £6.78. Excluding deferred tax, this increases to £7.85. The board has decided to raise the interim dividend for the 16th consecutive year. A dividend of 7.02 pence per share, an increase of 5.1%, is expected to be paid on 14 December 2012 to shareholders on the register at the close of business on 30 November 2012.

Young & Co.'s Brewery plc, H1 2012 Earnings Call, Nov 22, 2012