30th Apr 2014 12:23
LONDON (Alliance News) - The chairman of soft drinks group Nichols PLC Wednesday said the company's profit performance in the first four months of the current financial year has been in line with management's expectations and ahead of last year.
In a statement ahead of the company's annual general meeting, John Nichols said the company's UK performance was ahead of the market and the comparative period in 2013, despite challenging conditions affecting the grocery trade. The company's export sales are in line with management expectations, he said.
"In 2014 we will continue to invest for growth and during April we have introduced the new Vimto branding across the whole range. This is supported by the launch of our new TV campaign featuring the Vimtoad," Nichols said in the statement.
"In summary, the board are satisfied with the first four months performance for 2014 and are confident of delivering full year results in line with expectations," he added.
Nichols shares were flat at 1,070 pence Wednesday.
By Steve McGrath; [email protected]; @SteveMcGrath1
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