Magners returns to profit after three years

Click to follow
The Independent Online

Sales of Magners cider returned to growth in Britain for the first time in three years, its maker C&C said yesterday. The recovery contributed to a 29.4 per cent rise in C&C's half-year earnings from continuing operations, to €63.4m (£55.2m).

Half-year sales volumes of Magners worldwide rose 1.6 per cent and C&C said it was on track to return to annual earnings growth this year. Analysts expect full-year operating profits of between €102m and €106m.

Comments