Drinks group C&C has reported net revenue growth of just over 10% for its full financial year to the end of February.
C&C said its net revenue came to €683.9m and was driven by solid performances in the company's Irish and Scottish markets.
The company's operating profit of €115m was down just over 9% on the previous year but was in line with its stated guidance.
A once off impairment charge of €150m was to blame for the drop in operating profits as well as a challenging trading environment in the US.
C&C is recommending a final dividend increase of 22.8% to seven cent per share.
C&C's chief executive Stephen Glancey said that operationally, the company's financial year of 2016 would be a "period of stabilisation and investment".
He said the company had made a "decent start" to the early part of the year.
C&C said that revenues at its Irish business rose by 1% to €403.2m from €399.2m while operating profits rose by 1.5% to €59.1m from €58.2m.
It said that off trade volumes rose by 2.8% while on trade (pub) volumes fell by 3.8%. The group said it saw savings as a result of ongoing integration and cost focus.
Net revenues from cider sales on the island of Ireland fell by 7.5% and C&C said the category performed below the wider LAD category party due to the impact of the exceptional summer for cider in the previous financial year. But beer volumes were positive with Tennent's, recent new product launches and ABI brands all doing well.
Its recently acquired Gleeson business had a mixed year, but the integration of the business is now complete. C&C said there had been some pressure on revenues due to gains and losses in distribution contracts.
Revenues at C&C's Scottish operations jumped by 31% to €332.2m from €253.5m while operating profits grew by 1.8% to €39.2m from €38.5m.
The company noted that operating profit growth would have been stronger had it not been for challenging trading conditions in the final quarter after the introduction of stricter "drink-drive" laws in Scotland.
It said that the Tennent's brand remained in "robust" health with a strong performance in both the on and off-trade channels.
But revenues at its North America operations fell by 20.2% to €47.5m from €59.4m while operating profits sank 86% to €1.5m from €10.9m as the cider business there was defined by severe market disruption as global and domestic brewers invested heavily to increase their presence.
It noted that shipments of the Magners brand were up 2% despite competitive pressure from new entrants.
Revenues from C&C Export division - which includes all markets outside of the UK, Ireland and North America - fell by 2.3% to €21.6m from €22.1m while operating profits declined by 7.7% to €4.8m from €5.2m.
The company said the division's overall revenue was adversely hit by Australia, where shipment volumes sank by 61% and net revenues fell by 70%.
However, volumes excluding Australia, rose by 17% with particular success in Europe where the business reported 22% growth on the back of strong sales in Italy. The Netherlands, Portugal and Germany saw strong growth rates of 46%, 31% and 28% respectively.
The group also continued to grow its presence in Asia, with volume growth of 39%. Thailand, Taiwan and Malaysia were the main drivers of growth there.
The group now exports to over 50 countries with the top three now accounting for about 50% of sales.
C&C shares closed 3% higher in Dublin trade today.
