Nichols, the soft drinks group that controls the Vimto
brand, has seen pre-tax profits rise by more than 15%
for the six months to 30 June.
Sales were up by 5% across the group for the first half
of the year, from ?27.8m in 2007 to ?29.2m for the
equivalent period this year, while pre-tax profits
climbed 15.5% to ?3.2m.
The company said its core Vimto brand had extended its
market share and seen sales rise internationally but
admitted that its Panda range ?had not performed well?
over the period.
?We remain optimistic but cautious that we are doing the
right things in a very tough market,? said non-executive
chairman John Nichols.
?We believe our core brand of Vimto will continue to
perform well and grow, both organically and in new
international markets. In addition, we expect our
Dispense Systems Operation to continue to strengthen and
improve its market share and profitability. In overall
terms we therefore expect to show further, solid
progress in the full year.?