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Nichols Logs Higher Prel. Profit And Revenue For Full Year

Nichols plc (NICL.L), focused on soft drinks business, Wednesday reported preliminary profit before tax of 24.26 million pounds for the full year, 75.3 percent up from 13.84 million pounds in the previous year, primarily due to higher exceptional items last year.

Excluding items, adjusted profit before tax increased 8.7 percent to 27.17 million pounds from 24.98 million pounds a year ago.

Net profit climbed to 18.36 million pounds or 50.32p per share from 11.64 million pounds or 31.82p per share last year.

Adjusted earnings per share rose to 56.39p from 55.32p a year ago.

Revenue for the year grew to 170.74 million pounds from 164.93 million pounds in the previous year.

The company's Board has proposed a final dividend of 15.6p per share payable to shareholders on the register on March 22.

by RTTNews Staff Writer

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