C&C full-year results to Feb 2009

Revenue: €514.4 million (down 11 per cent)

Revenue:€514.4 million (down 11 per cent)

Pretax loss:€65.8 million (€110.4 million profit in year to February 2008)

Operating profit:€90.2 million (down 27 per cent)

Adjusted earnings per share:25.4 cent (down 15 per cent)

Full-year dividend:9 cent per share (down 66 per cent)

Summary:C&C saw its revenues decline 11 per cent in its last financial year, with modest growth in its spirits liqueurs division (largely due to its Carolans cream liqueur brand) only partially offsetting a 15.2 per cent decline in cider sales, as Magners suffered from greater competition in the market in Britain and Bulmers, usually a solid performer for the company, saw its share of the contracting Irish on-trade market slip.

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