C&C profits fizz up 13%
09/05/2006 - 07:43:22ISEQ-listed food and drink manufacturer, marketer and distributor C&C has reported operating profit up 13% to €124.7m for the year ended February 28, 2006.
Revenue was up 9% to €817m.
Adjusted earnings per share (EPS) were at 29.9c, an increase of 15.9%.
The company’s net debt was reduced by €58m to €383m.
Volume of the group’s Irish cider brand, Bulmers, increased by 6% against an Irish market growth of about 2%.
Volume of the group’s international cider brand, Magners, increased by 130%.
Chief executive Maurice Pratt said: “C&C is pleased to report continuing revenue and earnings growth. We will continue to invest in the sustainable growth opportunities presented by Magners, Bulmers and Tullamore Dew.”
