date:May 16, 2012
e predicted that momentum would have continued in Magners international sales.
We expect profitability in the Republic of Ireland to have declined slightly but for the operating margin to show significant improvement on the prior year.
Both Gaymers [cider] and Tennents have been in a period of transition where management have been focusing on profitable business in the former and improving brand equity in the latter. Therefore, while respective revenues are expected by us to have fallen, we ex