C&C Group has said the impact of weaker sterling after Brexit had a €8m negative impact on its reported numbers for the year to end of February.
The drinks group said its operating profit for the year dipped 0.4% to €95m on a constant currency basis, while its revenues were down 6.9% to €559.5m.
It reported a loss of €72.9m for the 12 month period, down from a profit of €47.4m the previous year.
The company has proposed a final dividend increase of 5% to 9.37 cent a share.
It said that during the year it saw volume growth in its core brands - Bulmers, Magners and Tennent's - of 2.6%, while its premium and craft portfolio saw rapid growth of 60%.
C&C said that premium now accounts for 2% of its own brand volume and is starting to make a "meaningful contribution" to the company's bottom line.
The portfolio includes Chaplin and Cork's, Heverlee, Pabst, Five Lamps, Dowds Lane and Whitewater.volume and value within their strong beer portfolio and distribution infrastructure," the company said.
C&C's chief executive Stephen Glancey said that the last year had been a period of significant activity for the group.
"While trading remained tough, we invested in and delivered volume growth across our core brands; completed a major rationalisation of our production foot print; drove efficiencies across the business; continued to grow our premium portfolio and export business; and secured an important new long-term distribution arrangement with AB InBev," he stated.
"After this year of consolidation, we are in materially better shape to meet the ongoing challenges and opportunities within our industry," he added.
The C&C CEO said the company's new financial year has started in line with expectations, but added that it remains cautious given the outlook for the consumer in its key markets.
"Political uncertainty continues into the current year making forward predictions on trading patterns and consumer behaviour particularly challenging," he added.
Mr Glancey also said that the company had started its planning for Brexit, especially in respect of trading on both sides and across the border in Ireland.
"A lot of uncertainties remain, but we are encouraged by the initial determination on both sides to minimise the potential economic and political friction of a hard land border on the island of Ireland," he added.
In today's results statement, C&C said its Bulmers cider brand returned to growth in Ireland, with volumes up 3%.
It noted that cider is seeing growth well ahead of the overall market with volumes up 6% due to better summer weather and product innovation.
During the year, C&C re-launched the Magners Original brand in the UK and it said that brand volumes had responded positively, rising by 11% in the UK for the year in a cider market was that 0.5% lower.
Internationally, Magners saw continued growth in Europe, with volumes up 12%. It also opened new markets in Africa and Asia and returned to growth towards the end of the fourth quarter in the US.
C&C said its Tennent's brand performed well in export markets, increasing volumes by 17%. It now accounts for about 30% of C&C's global international division.
It said the beer brand saw sustained growth in established markets such as Italy and South Korea, while it also had a "promising" first year in South Africa.
During the year, C&C completed a €17m investment in its Clonmel facility, while it also closed its plant at Borrisoleigh. It also sold its cidery and bottling operations at Shepton Mallet in England for €19m.
A deal with giant brewer AB Inbev was also agreed, and C&C said this has the potential to drive volume and value in its Magners cider brand.
"Whilst it is still early days in the expanded relationship, we are confident that Magners will continue to grow volume and value within their strong beer portfolio and distribution infrastructure," the company said.
C&C shares were lower in Dublin trading today.
