Profits at Bulmers owner grow 4% despite falling revenue

The company said their results are in line with their expectations

C&C Group produces Bulmers as well as Tennent's, both of which delivered net revenue growth and improved market share.

Bulmers owner C&C Group has seen their operating profit increase by 4% during the first half of their current financial year despite a drop in revenue stemming from a loss of income from distributing Budweiser across the country.

According to the company’s interim results for the first six months of its financial year, ending on August 31, net revenue fell by 4% to €825.7m with C&C Group saying this was largely due to the Budweiser Brewing Group (BBG) taking over distribution of its products in the Republic of Ireland.