herald

Saturday 3 December 2016

Bulmers owner sees profit sink

DRINKs

The owner of Bulmers cider has reported a once-off impairment charge of €150m related to a reduction in US asset values based on lower profitability in that market and of its brands.

Net revenue growth was 10.3pc to €683.9m and C&C said operating profit in 2014 was lower at €115m, down 9.2pc as revenues increased.

The company said there was solid performance in the core segments of Ireland and Scotland with operating profit growth of 1.5pc and 1.8pc respectively

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