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Nichols says ‘exceptional performance continues’
Soft drink producer Nichols plc has announces its interim results for the six months to 30 June 2010.
Highlights
- Group sales up 17.6% against strong comparatives for last year
- Profit before tax up 39%
- EPS (basic) up 35.1%
- Strong cash generation continues
- 10% increase in interim dividend
- UK soft drinks sales up 19.3% against a market up only 5.1%
- Successful launch of Cherry Vimto. Sales are already 9.1% of Vimto Original.
“I’m delighted to report we’ve continued to increase our market share and have again significantly outperformed the sector,” said John Nichols, non-executive chairman. “I’m also pleased our very strong trading in the first half was achieved despite tough comparatives, the prevailing economic uncertainties and an extremely competitive soft drinks sector.
“The momentum we’ve built up over the past few years has certainly continued and we anticipate profits at the year-end will be significantly ahead of last year.”
Source: Nichols plc
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