Plus   Neg

Britvic H1 Adj. Profit Rises At Constant Exchange Rate; Revenue Up 1.4%

Britvic plc (BVIC.L) reported profit before tax of 53.6 million pounds for the 26 weeks ended 31 March 2020 compared to 45.2 million pounds for the 28 weeks ended 14 April 2019. Earnings per share was 14.6 pence compared to 13.1 pence. Adjusted EBIT declined 9.6% to 75.7 million pounds from 28-week prior year period. At constant exchange rate, adjusted EBIT rose 9.4% for the fiscal period, compared to the same period last year. Reported adjusted earnings per share declined 14.8%. Adjusted basic earnings per share was 19.0 pence, an increase of 2.7% at actual exchange rates on the same period last year.

For the 26 weeks ended 31 March 2020, revenue was 698.8 million pounds compared to 769.2 million pounds, for 28 weeks ended 14 April 2019. At constant exchange rate and prior year to 31 March, revenue improved 1.4%, for the fiscal period.

Britvic will publish its trading statement on 22 July 2020.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Pfizer said Friday it reached a multi-year deal with Gilead Sciences to manufacture and supply Gilead's investigational antiviral remdesivir for COVID-19 patients. Ferring Pharmaceuticals US is recalling various nasal sprays citing superpotency or amounts of desmopressin higher than specified, the U.S. Food and Drug Administration announced in a statement. The recall involves all lots on the market of DDAVP Nasal Spray 10 mcg/0.1mL, Desmopressin Acetate Nasal Spray 10 mcg/0.1mL, and STIMATE Nasal Spray 1.5 mg/mL. U.S. President Donald Trump has issued executive orders to ban Chinese mobile application TikTok as well as WeChat, citing a threat to national security and its economy. China's ByteDance Ltd. owns TikTok, a video-sharing mobile app, while Tencent Holdings Ltd. owns WeChat, a messaging, social media, and electronic payment app.
Follow RTT