C&C Reports 17% Rise For Magners

Drinks manufacturers C&C Group has reported a leap in full-year profits following strong growth from its Magners cider brand.

Operating profits for the year to 28 February were up 17% to £92.5m following 3.6% volume growth for Magners in Britain and 33.8% export growth.

Volumes of Bulmers declined 2.4% year-on-year in what C&C called “a challenging Irish market”. The forecast operating profit is between £95m-£101m for the coming financial year.