C&C profits set to show 10% fall

C&C Group expects to post a 10.4% reduction in operating profits when it publishes its latest annual results in May.

The Dublin-headquartered drinks group — most notable for its twin Bulmers/Magners cider brands and Tennent’s lager — yesterday said that profit for the 12 months to the end of February is likely to be “in the region of €103m”.

That would be down by over 10% on the €115m operating profit generated in the preceding year, which itself represented an annual decline of 9.2%.