25th Nov 2015 07:41
LONDON (Alliance News) - Britvic PLC on Wednesday reported a rise in pretax profit in its recently-ended financial year, although revenue was dragged down by a weak performance in the UK and Ireland, as it named its new finance chief to the board.
The soft drinks company said its pretax profit in the year ended September 27 rose to GBP147 million from GBP132.9 million the year before, although revenue did decline slightly to GBP1.30 billion from GBP1.34 billion.
It said market conditions were challenging in the year, with poor sales in the UK and Ireland as a result of poor summer weather offsetting a stronger performance in France.
Britvic will pay a total dividend of 23 pence for the year, up from 20.9p the year before.
Looking ahead, "we have seen a slow start to the year, reflecting the continued challenging market conditions. However, with our compelling marketing and innovation plans and our continued focus on disciplined cost management we are confident of increasing our profitability in 2016," Chief Executive Simon Litherland said in a statement.
Britvic also said it has appointed Matthew Dunn as a director. Dunn replaced John Gibney as chief financial officer on Wednesday, having joined the company in September. Gibney will remain with the company before retiring in April 2016.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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