Business
INTERIM RESULTS
INTERIM RESULTS.
About this update from Nichols Plc
[{"type":"text","content":"\n RNS Number : 8790W Nichols PLC 05 August 2009 \n \n\n\n\n\n\nDate:\n\n\nEmbargoed until 07.00am, Wednesday 5 August 2009\n\n\n\n\n\nContacts:\n\n\nJohn Nichols, Non-Executive Chairman\n\n\n\n\nBrendan Hynes, Group Chief Executive\nTaylor Purkis, Group Finance Director\n\n\n\n\nNichols plc\n\n\n\n\nTelephone: 01925 222222\n\n\n\n\nWebsite: www.nicholsplc.co.uk\n\n\n\n\n\n\n\n\n\n\n\n\nAlistair Mackinnon-Musson\n\n\nMark Brady\n\n\n\n\nNathan Field\n\n\nBrewin Dolphin\n\n\n\n\nHudson Sandler\n\n\n(NOMAD)\n\n\n\n\nTelephone:020 7796 4133\n\n\nTelephone: 0845 213 4748\n\n\n\n\nEmail: [email protected]\n\n\nWebsite: www.corporatefinance.brewin.co.uk\n\n\n\n\n\nNichols plc\nINTERIM RESULTS\n'Full year profits are anticipated to be ahead of current market expectations'\n\n\nNichols plc, the soft drinks group announces its Interim results for the six months to 30 June 2009.\n\nThe group is a highly focused soft drinks and dispensed cold drinks business, comprising two operations: \n\n\n\n\n\n1.\n\n\nSoft Drinks (sales and marketing of the Vimto brand throughout the world, where it is now available in over 65 countries, and of the Panda & Sunkist brands in the UK).\n\n\n\n\n\n2.\n\n\nDispense Systems (namely the Cabana, Beacon, Cariel & Dayla cold soft drinks on draught 'dispense' businesses)\n\n\n\n\n\nHighlights:\n\n\n\nExceptionally strong first half\n\n\nSales up 28%\n\n\nPre-tax profits up 34%\n\n\nEPS (basic) up 38%\n\n\nNet cash increased by £3.3m to £9.5m\n\n\nInterim dividend up 8%\n\n\nUK sales of Vimto strongly out-performing the market\n\n\nInternational sales of Vimto up 23%\n\n\nAnticipation that full year profits will be ahead of current market expectations \n\n\n\nCommenting John Nichols, Non-Executive Chairman, said:\n\n'Despite the economic doom and gloom, we have had an exceptionally strong first half - which makes this success even more pleasing. We expect that we will continue to grow during the second half and for the full year, we anticipate that profits will be ahead of last year and also ahead of current market expectations'.\n\nChairman's Statement\n\nI am delighted to report the group has experienced an exceptionally str...