Young & Co's Brewery has reported a 23.8% increase in pre-tax profit to £10.8m on sales up 6.6% to £122.1m for the year to 29 March.

Its brewing division Wells & Young's, which makes Bombardier, Young's and Courage ales, had traded in line with expectations, contributing £1.7m to the group's adjusted profits before tax, the company said.

“This was achieved despite the challenging trading environment, with higher raw material and utility costs compounded by the poor summer weather,” the brewer added.