Pre-tax profits surged by almost 200% at the soft drinks company behind the iconic Vimto brand during the first half of 2021, new figures have revealed.
Newton-le-Willows-headquartered Nichols plc has reported profits of £8.6m for the six months to June 30, 2021, up from the £2.9m it posted during the same period in 2020.
The listed group's revenue also increased from £59.2m to £67.4m while its EBITDA rose from £9.3m to £11.2m.
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Nichols added that its UK revenue grew by 5.5% with out of home sales broadly in line with the prior year.
Non-executive chairman John Nichols said: "Our first and most important objective through the Covid-19 pandemic has been the continued safety and wellbeing of our employees and customers.
"Throughout these challenging times, our colleagues have consistently demonstrated their commitment to our business and our customers, and I would again like to wholeheartedly thank everyone for their support.
"The continued strong performance of the Vimto brand, the group's robust balance sheet and our diversified business model has ensured a resilient financial performance in the period with growth across each of our reporting segments.
"The UK Government's planned roadmap out of lockdown continues and although at a more cautious pace than originally planned, the group's positive start to the year means that we remain confident that it will achieve the board's expectations for the year.
"Longer term, the board is currently assessing the impact of inflationary pressures affecting logistics, labour, plastics and costs associated with increasing environmental legislation."
A statement issued to the London Stock Exchange added: "The UK Government's planned roadmap out of lockdown continues and although at a more cautious pace than originally planned, the group's positive start to the year means that we remain confident that it will achieve the board's expectations for the year.
"Longer term, the board is currently assessing the impact of inflationary pressures affecting logistics, labour, plastics and costs associated with increasing environmental legislation."
