Sponsored by
Magners hit by flat results
MAGNERS producer C&C has seen its earnings plunge by 37 per cent as cider sales volumes slipped by 11 per cent.
The Dublin-based company reported underlying operating profits of 99 million in the year to February 29, down from 157.9 million. It blamed the damp summer for the poorer performance.
Magners volumes declined by 15 per cent in the year to February 29, while Bulmers volumes were down four per cent.
The company said its current year had also got off to a lacklustre start amid "weak" trading conditions due to poor spring weather and low consumer confidence.
But C&C said a "normal" British summer should see premium cider sales return in growth, with the launch of Magners Draught this month.
Email to a friend
Print this page- Rangers takeover: Duff & Phelps threaten legal action against BBC
- Family mourn death of Glasgow ‘fight’ schoolboy
- Today’s youth not fit to be employed, says car firm Arnold Clark
- Rangers administration: Fans fear Duff & Phelps claims could scare off Green
- Rangers takeover: triple penalty punishment enough, says Johnston
- Alistair Darling leads ‘No to independence’ fight over tea and biscuits
- Scottish independence: SNP flip-flops over Nato
- Scottish Independence: SNP ‘won’t be Yes campaign’s only voice’
- Today’s youth not fit to be employed, says car firm Arnold Clark
- Scottish independence: ‘People here are best qualified to run Scotland’
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Saturday 26 May 2012
Today
Sunny
Temperature: 8 C to 20 C
Wind Speed: 16 mph
Wind direction: North east
Tomorrow
Sunny
Temperature: 11 C to 21 C
Wind Speed: 10 mph
Wind direction: North east
