Bulmers-owner reinstates dividends for first time since 2020 as operating profit increases

C&C reported net revenue of €278.5m in Ireland, up 24.4 per cent on last year

C&C Group's brands include Bulmers, Tennents, and Five Lamps. Picture: Mark Stedman/Photocall Ireland.

Drinks company C&C has said it is reinstating dividends, as operating profit increased 75.6 per cent to €84 million in the 12 months to February 28.

The company, whose brands include Bulmers, Tennents, and Five Lamps, has proposed a dividend of 3.79 cent per share in respect of its 2023 financial year, according to annual results from the group.

Going forward, the group, which has not paid dividends since 2020, said it intends to adopt ...