C&C still on track to meet targets

Drinks group C&C has told shareholders it remains on track to meet current year financial targets of mid-single digit operating profit growth.

At the group’s AGM in Dublin, yesterday, management said that its core operations — the cider and lager markets in Ireland and Scotland — delivered “a solid performance” in the first four months of its current financial year — basically March to June inclusive.

“Comparatives for the second quarter are tougher, but the business remains on track for good earnings growth from both territories,” shareholders were told yesterday.