Friday, 10 January 2014

Nichols - Trading Statement

Vimto maker, Nichols have today reported that sales for the full year will be around £110m - up 2% on 2012 and an increase of 4% during the second half of the year. I added this AIM-listed share to my portfolio last September.

In summary, during 2013 they have successfully increased profitability, delivered good sales growth in the second half of the year and expect the full year profit and earnings per share to be ahead of the prior year and in line with expectations.

The groups balance sheet remains strong and 2013 trading has continued to generate positive cash flow.

The Group's Preliminary results for the year ended 31st December will be announced on 13 March 2014.

No comments:

Post a Comment