10th May 2024 11:41
C&C Group PLC - Dublin-based owner of the Tennent's, Magners and Bulmers Ireland beer and cider brands - Says financial 2024 results, which were scheduled for release on May 23, will be delayed, and it will provide a new date "as soon as possible". C&C says its auditors need more time to complete a review of some non-cash accounting measurements relating to previous reporting periods.
C&C reaffirms its guidance for about EUR60 million in underlying operating profit in the financial year that ended in February. This would compare to operating profit of EUR84.1 million in financial 2023.
C&C also confirmed its plan to return EUR150 million to shareholders over the next three years.
Current stock price: 169.40 pence, down 1.4% in London on Friday
12-month change: up 9.3%
By Tom Waite, Alliance News editor
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