By Paulo Trevisani
British soft-drink maker Nichols PLC stated Wednesday a robust pound harm revenues within the six-month interval by June 30.
In unaudited interim outcomes, the corporate reported a 31% enhance in adjusted earnings per share over the primary half of 2020 and a 14% leap on revenues.
The vendor of Vimto and different manufacturers stated the influence of international trade charges on income yr on yr was GBP200,000 adversarial, “as sterling strengthened in opposition to the euro and U.S. greenback.”
The pound’s efficiency resulted in an total FX loss to working revenue of GBP500,000 within the interval, in comparison with a GBP400,000 achieve in the identical interval of 2020, the corporate stated.
Nichols has gross sales in over 73 nations. Its portfolio additionally embrace SLUSH PUPPiE, Really feel Good, Starslush, ICEE, Levi Roots and Sunkist.
At the beginning of the yr, the pound traded at 73 pence per USD and 89 pence per euro, strengthening to 72 pence and 86 pence, respectively, as off June 30.
Write to Paulo Trevisani at firstname.lastname@example.org