Drinks group C&C said today that the publication of its full year results, which had been scheduled for May 23, has been deferred.
In a statement, C&C said that while the preparation of the annual report and accounts is well advanced, additional time is required to complete a review of certain non-cash accounting measurements relating to previous financial periods.
C&C manufactures, markets and distributes branded beer, cider, wine, spirits and soft drinks across Ireland and the UK. Its brands include Bulmers and Magners cider, Tennents and Five Lamps beer and Tipperary Water.
C&C today re-affirmed its guidance of an expected FY2024 underlying operating profit outcome of €60m, in line with current market expectations.
"With increasing confidence in the medium-term outlook for the business, together with its strong cash generation and conversion, C&C also re-affirms its intention to return €150m to shareholders over the next three years within its stated leverage range," the company added.
C&C said a rescheduled date for its full year results will be provided as soon as possible.
