Watchlist
Shares in Nichols (NICL) were up 3 per cent in early trading after the soft drinks company announced a 7 per cent increase in group revenue to �142m during 2018, with operating profit up 10 per cent to �31.6m. Non-executive chairman John Nichols said UK sales performance was driven by the strength of the Vimto brand, as well as opportunities in the out of home sector, a division where the company has recently invested. These trends are expected to continue though the 2019 financial year. In the international business, Nichols is confident that the long term prospects in the Middle East and Africa remain strong, although the ongoing conflict in Yemen continues to create uncertainty for 2019.
info
Login or register to post comments