Tennent’s lager owner expects strong profit growth
Positive trading momentum at its Glasgow-based operations was cited among the factors which will see earnings per share increase by around 20 per cent in the 12 months to 28 February.
Group debt is also now expected to be well below current market estimates. Results from the group, which also owns Magners cider, are due out on 22 May.
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Hide AdIan Hunter, analyst at Investec, said: “Today’s trading statement provides encouraging reading, following the upbeat Christmas trading update. With positive momentum reported in the core business, in our opinion C&C is well positioned to deliver on its growth potential.”