Young's boosted by Jubilee and Olympics Young & Co's shrugged off wet weather in early summer to make the most of the Jubilee and Olympic celebrations in London and achieve double-digit revenue growth. The pub group's first-half saw revenues climb 10.7 per cent on the same period last year to £100.2m, giving it an 11.2 per cent uplift in adjusted pre-tax profit to £13.9m. The momentum has continued into the third quarter during which four pubs have been added to the estate, with like-for-like revenues for the first seven weeks up 6 per cent. Young's estate of nearly 250 pubs are located in London and the south of England, mostly freeholds or on long leases. Its interims are its first since selling its stake in Wells Young Brewing Co last August. The number of Geronimo pubs increased to 35 and pushed revenues up by a third, including two in the Westfield shopping centre in Stratford at the gateway to the Olympic Park. Its 121 Young's-managed houses achieved like-for-like sales growth of 5.7 per cent, the best performers being riverside pubs during the Jubilee weekend and those near transport hubs where footfall increased thanks to Olympic crowds. However, trading in other London pubs was quieter during the Games. Stephen Goodyear, chief executive, said: ""These excellent results reflect some benefit from the extraordinary events we have seen in London this summer, they have also been achieved despite some periods of truly awful weather." Net debt was cut by £1m to £117.1m, and £8.9m was invested in the managed pubs. Adjusted basic earnings per share grew 18.2 per cent to 22.13p. The dividend was raised 5.1 per cent to 7.02p.