C&C enjoys rise in pre-tax profits

Manufacturer’s of Magners cider, C&C Group, have reported results in line with guidance on the back of poor weather and increased competition.

The Dublin-based company reported a 2.7% rise in pre-tax profits to €109m for the year ending Feb 28, 2013 and €106.1m for 2012.

C&C Group chief executive Stephen Glancey said that the second half of the year had brought some trading stability to the drinks market, following the slump from poor weather in the early part of the year.