By Wahida Swaleh
Date: Thursday 24 Jul 2014
LONDON (ShareCast) - Soft drinks group Nichols anticipates its full-year performance to be in line with expectations after it unveiled a positive trading statement for the first half of 2014.
The England-based manufacture, whose portfolio includes Vimto, Sunkist, Panda and Weight Watchers, delivered an 11% advance in interim pre-tax profit to £10m from £9m the year before, ahead of the £9.5m that Investec was expecting.
Group sales increased by 3% to £56.6m.
UK sales grew to £43.8m up by 8% with "UK volumes outperforming the soft drink market", according to analysts at Investec.
Nichol's international sales dropped by 12% due to changes in the timing of shipments of Vimto to the Middle East. In-country sales of finished product in the Middle East region were 7% ahead of the same period of 2013.
The group also announced an interim dividend of 7.1p per share, an increase of 12% over the prior year (2013: 6.32 pence) which will be paid to shareholders on August.
As of 13:32 the share price had risen by 3.74% to 967p.
WS
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Currency | UK Pounds |
Share Price | 994.00p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 1,200.00 |
52 Week Low | 882.00 |
Volume | 0 |
Shares Issued | 36.97m |
Market Cap | £367.47m |
RiskGrade | 263 |
Value |
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Price Trend |
---|
Income |
---|
Growth |
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Strong Buy | 0 |
Buy | 3 |
Neutral | 3 |
Sell | 0 |
Strong Sell | 0 |
Total | 6 |
Latest | Previous | |
---|---|---|
Final | Interim | |
Ex-Div | 21-Mar-24 | 03-Aug-23 |
Paid | 02-May-24 | 08-Sep-23 |
Amount | 15.60p | 12.60p |
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