“Assuming no underlying changes in the economic and industry outlook, the Board is confident of continued progress in the full year,” the company said. “The trading outlook for the remainder of the year is expected to follow the seasonal pattern of previous years, with a high proportion of Shloer sales being concentrated in the Christmas period. As last year, marketing expenditure will be lower in the second half of the year.”
UK: Reduced H1 losses at Merrydown
The UK cider and soft drinks group, Merrydown, posted a pre-tax loss for the first half of the year of £0.33m, down from the £0.43m pre-tax loss in the first half of 2001. Turnover rose by 3% from £8.05m to £8.29m.