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Nichols 2010 profits to beat market expectations

06-Jan-2011

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UK-based soft drinks firm Nichols has revealed in a pre-close trading statement that its full year profits will be ahead of current market expectations.

The owner of brands such as Sunkist and Panda said that the result is down to the continuation in the second half of the year of the “excellent trading performance” seen in the first half.

The company said: “In overall terms we expect the group’s profitability for the year to 31 December 2010 to be significantly ahead of last year and ahead of current market expectations.”

In the first six months of 2010, group sales were up 17.6 per cent and profit before tax rose 39 per cent compared to the equivalent period in the previous year.

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