Young & Co's Brewery Regulatory News (YNGA)

12 Jul 2005 11:30

Young & Co's Brewery PLC12 July 2005 12th July 2005 YOUNG & CO.'S BREWERY, P.L.C. Chairman's AGM Trading Statement In his statement to shareholders at today's AGM, John Young, Chairman of Young &Co.'s Brewery, P.L.C. made the following comments about trading: "Trading across the business in the first quarter of the current financial yearhas been satisfactory, with continued operational improvements offsetting theadditional legislative and regulatory costs facing the business again this year. "It is of course, far too early to be making predictions about how the year as awhole will turn out. The year started well, boosted by good weather in earlyJune, but the speed with which events can change was brought into sharp focus bythe contrasting events of last week. Like all Londoners, our celebration of LordCoe and his team's success in winning the bid to host the 2012 Olympic Games wascut short by Thursday's atrocious terrorist attacks on London. I have no doubtthat Londoners will show the resilience that they have done so many times in thepast. "For our part, our commitment to producing great beer and providing excellentservice in quality surroundings continues and we are confident that deliveringour strategy will enable us to continue to make progress." For further information: Young & Co.'s Brewery, P.L.C. 020 8875 7000Stephen Goodyear, Chief ExecutivePeter Whitehead, Finance Director Hogarth Partnership 020 7357 9477James Longfield/John Olsen This information is provided by RNS The company news service from the London Stock Exchange