C&C Group Plc (CCR.L) Tuesday said that its profit rose in the first half of fiscal 2026, helped by good performance from the Branded and Distribution segments. Net revenue, however, fell 4 percent during the given period. The company also lifted its interim dividend by 4 percent.
The Irish premium drinks company reported profit of 20.1 million euros or 5.3 cent per share in the first half of the year, higher than 12.9 million euros or 3.3 cent per share in the same period last year.
On an adjusted basis, profit came in at 25.1 million euros or 6.6 cent per share in the half-year period, compared to profit of 22.7 million euros or 5.9 cent per share in the year-ago period.
According to C&C Group, pre-tax profit was 32.1 million euros during the first six months, 12 percent higher than last year's 28.6 million euros. Adjusted pre-tax profit came in 25.8 million euros, compared to 16.4 million euros in the year-ago period.
During the half-year period, group net revenue declined 4 percent to 825.7 million euros from 861.4 million euros in the corresponding period of fiscal 2025. The company said that net revenue were negatively impacted by lower Distribution revenues following the previously disclosed transfer of BBG distribution in the Republic of Ireland plus modestly lower volumes.
C&C Group said that an interim dividend has been declared at 2.08 cent per share, which is 4 percent higher than last year's dividend of 2.00 cent per share. The dividend will be paid on December 12 to shareholders registered at the close of business on November 14.
Looking ahead, the company said that it expects to see ongoing strong trading in the second half of the year and it is on track to deliver the outlook provided for fiscal 2026.
On the LSE, the stock is down 2.2 percent on Tuesday's trading at 133.00 pence.
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