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Nichols Says FY Pretax Profit Rose 2.1% To 32.4 Mln STG
Nichols Sees FY Pretax Profit In Line With Market View
Nichols Warns 2020 Profit May Be Materially Below Current Expectations
Nichols plc is a United Kingdom-based soft drinks company. The Company is engaged in the supply of soft drinks to the retail, wholesale, catering, licensed and leisure industries. Its segments include Still and Carbonate. The Company offers products under the Vimto brand, as well as Feel Good, Starslush, Levi Roots and Sunkist brands. The Company's brands span the still, carbonated, post-mix and frozen drinks categories, and can be found in supermarkets, discount retailers, cash and carries, pubs, clubs, bars, restaurants and leisure outlets. Vimto is available in cordial, carbonated and still variants with pack sizes ranging from 250 milliliters to 5 liters. Feel Good offers natural drinks in carbonated and still formats. The Levi Roots range features a selection of delicious, tropical and fruit flavor blends. The Panda range of flavored water and still drinks is aimed at mothers and kids. The Sunkist range includes flavors of Orange, Diet Orange, Lemon, Summer Fruits and Tropical.
Woodlands Park, Ashton Road
P. John Nichols
Non-Executive Chairman of the Board
Chief Executive Officer, Executive Director
Tim J. Croston
Chief Financial Officer, Executive Director, Secretary
David Thomas Rattigan
Chief Financial Officer
Group Commercial Director, Executive Director
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Vimto soft drinks maker Nichols Plc <NICL.L> on Monday warned its full-year 2020 pretax profit could be materially below current expectations, citing an excise tax on non-carbonated sweetened drinks in Saudi Arabia and the United Arab Emirates.
Vimto soft drinks maker Nichols Plc said on Wednesday that it expects to report full-year profit above last year, boosted by higher sales of its beverages in the UK and growth in the African market.
The Financial Reporting Council (FRC) said on Wednesday it had fined Grant Thornton 4 million pounds ($5.1 million) after four of its senior staffers admitted misconduct in handling the financial audits of Nichols Plc and the University of Salford.
* UK REVENUE FOR Q1 OF 2018 IS AHEAD OF PRIOR YEAR BOTH ON A REPORTED AND LIKE FOR LIKE BASIS
Vimto soft drinks maker Nichols <NICL.L> said profit growth in 2018 would be in the low single-digits, as a slowdown in sales in the Middle East would drag performance, sending its shares down nearly 13 percent.
* ANTICIPATE GROUP SALES FOR YEAR ENDING 31 DECEMBER 2017 TO CONTINUE STRONG TREND REPORTED AT HALF YEAR Source text for Eikon: Further company coverage: (Bangalore.firstname.lastname@example.org)
Nichols Plc, the maker of Vimto soft drinks, said on Thursday its half-year adjusted pretax profit rose 6.8 pct, driven by both the still and carbonate beverage segments.
* in UK, revenue totalled 47.5 mln stg during H1 (h1 2016: 44.5 mln stg) an increase of 6.7 pct compared to prior year
Nichols Plc <NICL.L>, the London-listed maker of Vimto soft drinks, warned on Wednesday that its home UK market would remain challenging this year, "with the addition of currency-related input cost inflation to an already price-competitive environment".
* Trading performance for q1 of 2017 is in line with management expectations.
* Final dividend 20.3 pence per share Source text for Eikon: Further company coverage:
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.