Magners puts a €190m fizz into C&C

SOARING sales of Magners cider in Britain have pushed up C&C profits to a record €190 million.

The drinks group said Magners sales in Britain have now exceeded Irish cider sales after just over a year on the market. Group turnover rose 27% to €981.4m mainly as a result of the Magners boost.

The surge in cider consumption helped lift pre-tax profits in the year to end February to the €190m figure from €103.8m in the previous 12 month period.