Diageo has reported pre-tax profits of £3.121 billion for the 12 months to the end of June.
This is an increase from the £2.360 billion the same time last year. Revenues for the year rose to £14.594 billion from £13.232 billion.
The company said its brands produced in Ireland had a strong half yearly performance.
It said its Guinness and Smithwick's brands grew value share in the pub trade but said the beer market remains in decline with net sales down 5%.
The total alcoholic drinks market in Ireland declined in value by 1.2% in the 12 months to June, the company said.
Guinness, which made up 52% of Diageo's world beer business by net sales, continues to be the best selling beer in Ireland with a 32% market share.
''In the past three months, our three top export brands have shown positive growth with Guinness growing 4% across the world, Baileys' net sales in China growing by 42% and Bushmills delivering double digit increases in net sales, with a particularly strong performance in Eastern Europe,'' said David Smith, country director, Diageo Ireland.
Diageo said the Guinness brand delivered 2% net sales growth in the developed markets as the successful launch of Guinness Black Lager together with price increases on Guinness Kegs drove 9% net sales growth for Guinness in North America.
In the emerging markets, net sales were up 8% with strong growth across Africa and continued share gains and price increases in Indonesia. The company said that Nigeria is now the biggest market for Guinness by net sales.
Diageo said that the economy remains very uneven in Europe. It said it continues to deliver substantial sales and profit growth in Europe's emerging countries of Russia, Eastern Europe and Turkey, as well as a good performance across Northern Europe. But it added that southern Europe remains challenging.
