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Nichols sees good sales growth in second half

Last updated: 02:14 10 Jan 2014 EST, First published: 03:14 10 Jan 2014 EST

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An increase of sales in still Vimto helped soft drinks supplier Nichols (LON:NICL) deliver a strong performance in 2013.

The group said it increased profitability and sales growth last year and expects full year profit and EPS (earnings per share) to be ahead of the prior year and in line with expectations.

In the second half, group sales grew by 4% compared to 2012 and will total around £109.9 million for the full year, 2% ahead of 2012.

UK sales gained momentum in the second half increasing 5% year-on-year.

"We have successfully grown our market share of the still category resulting in Vimto dilute sales increasing by 11% in the year and have continued with our planned reduction in promotional activity in the heavily discounted Carbonate category, where Vimto carbonate sales are down by 6%," it added.

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