Vimto maker Nichols (LON: NICL) remained profitable in the first half and it is confident enough to pay an interim dividend.
In the first half of 2020, revenues fell from £71.6m to £59.2m, while underlying pre-tax profit slumped from £13.3m to £6.76m. There was a write-down of £3.82m relating to the Feel Good brand, which is expected to be relaunched later this year.
Sales of Vimto’s dilute product improved, but the loss of business from bars and restaurants meant that UK revenues fell by one-fifth.
Middle East profit was expected to decline due to the new sweetened drinks tax and the...
