Investors cheer as Britvic profits fizz
SOFT drinks firm Britvic yesterday reported a better than expected 23 per cent rise in full-year profits, helped by market share gains and price rises, and said trade in its new fiscal year had started well.
The producer and licensed bottler of drinks under brands including Robinsons, Tango, J2O, Pepsi and 7Up, posted a pre-tax profit of £86.5m on sales 5.6 per cent higher at £978.8m for the year to 27 September.
It raised the final dividend 23.9 per cent to 10.9p to give a total payout for the year of 15p a share, up from 12.6p last time.
Chief executive Paul Moody said: “We are encouraged by our strong performance in the early weeks of the new financial year, building on our track record of top-line, margins and quality of earnings growth.”