C&C Group plc (CCR.L) announced that its pretax profit for the first half was 16.4 million euros, a decrease from the restated 23.4 million euros of the previous year. The earnings per share (EPS), measured in cents, fell to 3.3 from 4.7. However, the adjusted profit before tax saw a marginal increase, reaching 28.6 million euros, up from 28.3 million euros in the prior year. Correspondingly, the adjusted EPS rose to 5.9 cents from 5.6 cents. For the six-month period ending on August 31, 2024, net revenue experienced a slight decline, totaling 861.4 million euros compared to 864.8 million euros in the previous year.
Looking ahead, the Group remains on course to achieve an operating profit of 80 million euros for the fiscal year 2025. Additionally, it upholds its goal of attaining a 100 million euros operating profit by fiscal year 2027.
