Cider sales see C and C revenue slide
2012-10-23 11:00:04
Drinks group C and C has reported operating profits of E65.6m for the six months to the end of August, down 2.7pc on the same time last year. Net revenues fell by 2pc to E263.4m after a challenging trading environment in both Ireland and the UK after poor summer weather and weak cider consumption in both markets.
Sales of both Magners and Bulmers fell over the first half of the year, but growth in sales of its Tennent's lager offset some of that decline. C and C has declared a final dividend of 4.5 cent for the year financial year ending February 2012. This has resulted in a full year dividend for that final year of 8.17 cent per share.