25th Apr 2018 10:04
LONDON (Alliance News) - Nichols PLC on Wednesday reiterated its annual earnings guidance.
The soft drinks company said that revenue in the UK division for the three months to end-March was ahead of a year ago on a reported and like-for-like basis, amid growth in overall drinks market in the country.
Nichols, which owns the Vimto soft drinks brand, expects full-year earnings to be in line with market expectations. The company also said that the ongoing conflict in Yemen and shipment timings for Ramadan in 2018 falling into fourth quarter of 2017 has impacted first-quarter sales for its international division.
Shares in the company were trading 0.9% higher at 1,480.00 pence Wednesday.
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