(ShareCast News) - Investors raised a glass to Enterprise Inns after serving third-quarter results that sparkled with the ongoing benefits of its new strategy, with like-for-like net income bubbling 0.5% higher in the face of a strong World Cup-boosted period last year.Analysts had expected a flat figure, after seven previous quarters of growth.This means LFL net income is up 0.6% in the 44 weeks of the financial year to 1 August, in what management said was an atmosphere of stable rental income and growing beer sales.Beer sales were boosted by favourable weather and improving consumer confidence seen by many publicans.Income has also been boosted by an increased level of capital expenditure to boost growth, an improved level of operational support for leased and tenanted publicans and a further 23% decline in the level of business failures.Chief executive Simon Townsend said the first priority of his strategy was "to ensure that our reinvigorated tied tenancy business continues to perform well".The expanded managed business, where the number of managed pubs trading under the group's Bermondsey and Craft Union brands has been expanded to 22 from the 16 in mid-May, on track for 30 by end-September.Enterprise remains on track to sell roughly 250 pubs for £75m over the full year, which is enough to cover it £70m capex plans for this year, of which 43% is ring-fenced for growth."The execution of our strategic plan for the business, announced on 12 May 2015, is on track. Delivery of this plan will ensure we can best serve our publicans and communities whilst providing a clear path to maximising shareholder value through the optimisation of returns from every asset within our estate." Broker Numis upgraded its forecasts by 1%, and now assume 0.5% LFL net income over the full year."Even if the company falls behind in its managed pub conversions, the strategy should undermine the number of Market Rent Only conversions, which should be its primary objective."