Pre-tax losses of €38m at drink group

Exceptional costs totalling €34.7m contributed to pre-tax losses of €38m at drink group, M&J Gleeson (Investments) Ltd last year.

Pre-tax losses of €38m at drink group
Tue, 09 Sep, 2014 - 01:00
Gordon Deegan

Alcoholic drinks firm C&C Group purchased M&J Gleeson for €12.4m in 2012 and new accounts show the Co Tipperary group recorded the losses in the eight months to the end of February 28 last after enjoying a pre-tax profit of €2.39m in 2012

The group’s brands include Tipperary Mineral Water, Finches soft drinks and Estrella beers.

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