C&C Group Shares Climb 1.4% as Profit Gains Offset Revenue Dip in Ireland

C&C Group shares rose 1.4% following a 4% operating profit increase to €41.9 million, despite a revenue decline in Ireland attributed to Budweiser volume transfer.

• C&C Group reported a 4% increase in operating profit to €41.9 million for the six months ending August 31, despite a 4% revenue decline to €825.7 million.
• The revenue dip was largely due to the transfer of Budweiser Brewing Group volume in the Republic of Ireland, impacting overall sales figures.
• Improved operating margins in C&C Groups Branded and Distribution segment helped offset the revenue decline, showcasing resilience in its flagship products like Magners.