Shepherd Neame FY revenue down 1.1%; pretax profit up 1.8% as beer volumes fall

UK brewer and pub operator Shepherd Neame said yearly revenue fell 1.1% amid challenging sector conditions, while underlying profit before tax rose 1.8% on strong pub performance and higher tenanted income. The company proposed a 3% higher full-year dividend and reviewed its Brewing and Brands strategy due to volume and cost pressures.