Irish producer of alcoholic beverages C&C Group has reported 2.7% slump in operating profits to €69.2m during the six months ending August.
The company said that its earnings before interest, tax, depreciation and amortisation fell by 2.2% to €81.0m.
However, C&C has witnessed 9.3% rise in net revenues to €368.1m during the same period.
C&C Group CEO Stephen Glancey said: "Our businesses in Ireland & Scotland are the cornerstone of the Group representing 86% of operating profit. Central to both are strong brands and excellence in customer service.
"In these geographies we are delivering on our differentiated and focussed strategy of creating multi-beverage branded distribution models. In Ireland we combined our operations, and the C&C Gleeso's business now spans the Island of Ireland.
"With integration of the Gleeson's business complete and improving consumer sentiment, we are well positioned to drive future earnings growth."
The export volumes of Magners and Tennent increased by 18.6% and 12.9% respectively across Europe, Asia and Canada, excluding Australia.
