Soft drinks maker Nichols, which owns the Vimto brand, said its full year figures would beat expectations, pushing its shares up in morning trading.
The firm said total sales for the year ended 31st December had increased by 9% to £108m, with export sales increasing by 8%.
It expects group profit and earnings per share to be significantly ahead of 2011 and ahead of market expectations.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"Despite another year of significant cost inflation and high levels of promotional activity, we expect, as a minimum, to maintain our operating margins," said Chairman John Nichols.
"This has been achieved by a combination of good cost control and ongoing productivity improvements."
It highlighted that the UK market, as measured by A.C. Nielsen, increased in value by 3.2% for the year to 8th December 2012 with underlying volume down 0.6%.
MM
-
Shein shifts IPO focus to Hong KongThe development piles fresh pressure on London’s beleaguered stock market, which many had hoped would be boosted by Shein’s IPO
-
Scientists turn lead into gold – could it wreck the yellow metal's price?Medieval alchemists have been vindicated after scientists turned lead into gold, but the results aren’t going to crash the gold price any time soon
