Vimto maker Nichols (LON: NICL) managed to negotiate the tough trading conditions last year and improve its profit. The sugar tax in the Middle East will provide even more challenges this year.
Adapting to the UK sugar tax and the summer, which was not as hot as in the previous year, Nichols still managed to increase its UK revenues. Higher international revenues meant that 2019 group revenues were 3.5% ahead at £147m. The gross margin also improved from 45.7% to 47.6% because of the greater ...
You are unauthorized to view this page.
