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Pub operator Young's sees below-average performance in FY21

Published 04/06/2020, 07:33
Updated 04/06/2020, 07:35
© Reuters. FILE PHOTO: The logo of Russia's oil company Rosneft is pictured at the Rosneft Vietnam office in Ho Chi Minh City

(Reuters) - Young & Co's Brewery (L:YNGa) on Thursday said it expects its 2021 full-year performance to be materially below average after it posted lower annual pretax profit due to coronavirus-led closures, and that its pubs may reopen by Aug. 3.

The company, which owns more than 200 pubs in London and Southern (NYSE:SO) England, said pretax profit slumped 24.3% to 29.9 million pounds for the year ended March 30.

 

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