24 May 2012 – interim results
Leading drinks group Britvic has announced interim results for the 28 weeks to 15 April, revealing a slight increase in revenue of 1.7% to £641.1m, although pre-tax profits fell by 10.5% to £24.8m. Adjusted earnings per share fell by 9.7% to 8.4p, although the interim dividend was raised by 3.9% to 5.3p. The fall in profits was due to higher raw material costs before the implementation of increased prices in 2012. Although the UK soft drinks market has suffered in April and the beginning of May from the poor weather, the group remains confident of achieving full year expectations. The shares have been relatively weak over the last few weeks, presenting an opportunity to BUY.