Pubs 'n' Bars, the AIM-listed group, has unveiled full-year results, showing a six per cent rise in pre-tax profits.
The London-based group, which operates 71 managed houses and 24 tenancies, revealed like-for-like sales growth of 1.5 per cent across the business.
Chairman Mike Mealey said: "Overall trading has proved resilent and stable when compared to the problems and deterioration in sales reported by some of our competitors, particularly on the high streets."
The group did not however, break out a figure for its managed houses - the pubs where it has full operational control.
Overall turnover fell £300,000 from £14.52m to £14.22m following the switch of a number of food-led pubs from managed to tenancy.
The company said a number of costs had risen throughout the past year, the most significant of which was in interest and other banking costs.
Last year the group took on 32 sites under the banner Community Taverns - pubs which were formerly run by the collapsed Balaclava Pub Company - under a 10-year agreement with Bank of Scotland Integrated Finance.
The company dropped heavy hints it was on the look out for more pubs in the way of package deals.
Mr Mealey said the Community Taverns venture was "proving to be the valuable opportunity we envisaged and we hope to build further our relationship with Bank of Scotland".
The chairman said Pubs 'n' Bars was well positioned to take advantage of market opportunities in these challenging times.
During the year it bought four pubs and sold four.