News

UK: Nichols profits suffers on back of poor weather

Most popular

The just-drinks analyst returns

Heineken must cut costs to aid recovery - analysis

How COVID has accelerated the sobriety trend

Interview - Treasury CEO Mike Clarke - Part II

The just-drinks analyst returns

MORE

Soft drink and food group Nichols plc has announced that its turnover for the first half of 2002 was up 5.5% to £47.78m. Profit before tax however fell from £1.746m, for the same period last year, to £1.655m after what chairman Jon Nichols called "challenging" trading conditions.

The maker of Vimto and Sunkist saw its earnings per share fall from 3.36p to 3.18p.

However Nichols said: "Although UK trading conditions remain challenging, especially in our soft drinks operation where the appalling weather has hindered progress, our international business is ahead of last year at the halfway stage and orders for the second half are strong.

"The board remains confident that with an improved trading performance in our traditionally much stronger second half and with four of our five businesses now benefiting from new management, the group's performance in the full year to December 2002 will be ahead of the previous year."


Related Content

Nichols confirms sales rise in 2019 - trading update

Nichols confirms sales rise in 2019 - trading update...

Nichols prepares for new CEO as Q1 shines, Q2 dives - results data

Nichols prepares for new CEO as Q1 shines, Q2 dives - results data...

How did Nichols perform in H1 2019? - results data

How did Nichols perform in H1 2019? - results data...

Sales rise in 2019 for Nichols but new Middle East soft drinks tax threatens 2020

Sales rise in 2019 for Nichols but new Middle East soft drinks tax threatens 2020...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?