UPDATE 3-C&C restates revenue report, shares fall

* Corrects revenue report from 3 pct increase to 5 pct fall

* Long-running decline in cider sales continued, not halted

* Still sees year operating profit at top of previous range

By Padraic Halpin (Adds spokesman attributing mistake to human error)

DUBLIN, July 13 (Reuters) - Irish drinks group C&C (GCC.I) said on Monday its revenue fell 5 percent in the first four months of the current year, correcting its report last week that revenue was up 3 percent in the period.

The maker of Magners cider had seen its shares rise last week after it said a long-running decline in cider sales was halted with a 3 percent increase in sales in the four months to June 30. But the company corrected that figure on Monday to a 6 percent decline. [ID:nL82553]

Shares in the company were down 10 percent at 1.98 euros by 1026 GMT as investors began to raise questions over the company's new management team, brought in last November to revive its premium cider sales in a faltering economy.

"Today's update will put a question mark over management's credibility as they continue to try and re-establish the Bulmers and Magners brands," NCB Stockbrokers wrote in a note.