Plus   Neg

Britvic FY Profit After Tax Up 16.9%

Britvic plc (BVIC.L) reported a 16.9% growth in its profit for the fiscal year 2020, despite a 8.6% decline in revenue.

Profit after tax increased 16.9% to £94.6 million from £80.9 million last year. Basic earnings rose to 35.6p per share from 30.6p per share reported a year ago.

Adjusted earnings totaled 43.2p per share, down 27.8% compared to 59.8p per share earned last year.

Revenue for the year decreased 8.6% to £1.41 billion from £1.55 billion generated previous year.

Further, the Board recommended a final dividend of 21.6 pence per share, with a total value of £57.7 million, maintaining the company's 50% pay-out policy. The final dividend for 2020 will be paid on February 3, 2021 to shareholders on record as at December 18, 2020.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
General Electric Co. filed a lawsuit against Siemens Energy AG, accusing the German power distribution company of stealing trade secrets for gas turbines. Siemens Energy allegedly used the information to get at least nine contracts to supply gas turbines to public utilities, and also covered up improper business gains. Following a court ruling, the U.S. Food and Drug Administration postponed the effective date for tobacco manufacturing companies to display new health warnings on cigarette packets and in advertisements, by additional 90 days. The warnings with color images is to promote greater public understanding of the negative health consequences of smoking. JPMorgan Chase & Co (JPM) reported strong results in the fourth quarter of 2020, with net profit up 42% largely driven by credit reserve releases of $2.9 billion. The Group said it ended the year with a CET1 ratio of 13.1% and capital above $200 billion, providing with meaningful capacity to further...
Follow RTT