C&C profits up 3.5%

Operating profit at drinks and snacks group C&C was up 3.5% to €115.1m in the year to the end of February, the company said today in the group's first annual results as a public, listed company.

C&C also reduced its net debt by €40m to €441m in the year. Volume of the group’s international cider brand, Magners, increased by 61%.