Business
INTERIM RESULTS - Sales up 14% & Profits up 20%
INTERIM RESULTS - Sales up 14% & Profits up 20%.
About this update from Nichols Plc
[{"type":"text","content":"\n \nRNS Number : 7079L Nichols PLC 04 August 2011 \n \n\n\n\n\n\nDate:\n\n\nEmbargoed until 07.00am, Thursday 4 August 2011\n \n\n\n\n\nContacts:\n\n\nJohn Nichols, Non-Executive Chairman\n\n\n\n\nBrendan Hynes, Group Chief Executive\nTim Croston, 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 Ltd\n\n\n\n\nHudson Sandler\n\n\n(Nominated Adviser)\n\n\n\n\nTelephone: 020 7796 4133\n\n\nTelephone: 0845 213 4729\n\n\n\n\nEmail: [email protected]\n\n\nWebsite: www.corporatefinance.brewin.co.uk\n\n\n\n\n \n \nNichols plc\nINTERIM RESULTS\n \n\"Excellent Results - Sales up 14% and Profits up 20%\"\n \n \nNichols plc, the soft drinks group, announces its Interim results for the period ended 30 June 2011.\n \nNichols plc is a highly focused soft drinks business. Its brand portfolio includes Vimto, which is sold in over 65 countries and Levi Roots (soft drinks), Sunkist & Panda which are sold in the UK. The Group has a leading market position in both the \"Stills\" and \"Carbonates\" drinks categories and also in the soft drinks on dispense market, where its brands include Cabana, Ben Shaws & Dayla.\n \nHighlights:\n \n· Group sales up 14.4%\n· Profit before tax up 20.4%\n· EPS up 23.8%\n· Interim dividend up 12.4%\n· UK volumes up 11% against a market up only 1% (source: AC Nielsen)\n· UK sales up 13% / International sales up 13%\n· Net cash of £14.4m (2010: £11.7m)\n \nCommenting John Nichols, Non-Executive Chairman, said:\n \n\"I am delighted to be announcing such excellent results, strongly ahead of last year's outstanding performance. We have again grown our UK market share and our international business continues to thrive. We expect full year profits will be significantly ahead of last year.\"\n \n \nChairman's Statement\n \nOn the back of last year's excellent results, I am extremely pleased to report the Group has...