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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.

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