The maker of Vimto and Slush Puppie is eyeing further growth after its sales and profits rose during the first half of its financial year.
The Newton-le-Willows-based Nichols plc has reported as group revenue of £85.5m for the six months to June 30, 2023, up from £80.2m.
Its pre-tax profit also increased from £10.1m to £11.2m over the same period.
READ MORE: Click here to sign up to the BusinessLive North West newsletter
Chief executive Andrew Milne said: "We are pleased with our encouraging first half performance which again reflects the strength of the Vimto brand.
"Particularly pleasing is the growth in our core packaged business, and the continued accelerated momentum across our international markets with very strong performances in Africa, the Middle East and the rest of the world.
"The group achieved significant strategic progress during the period, particularly in relation to our out of home business where we are making positive changes to simplify operations and focus on the areas of greatest opportunity and profitability.
"We are on-track to deliver the material benefits of these changes from FY 2024.
"Meanwhile, we remain focused on accelerating growth in packaged, both in the UK and internationally, in line with our strategic plan.
"We are mindful that consumer spend is still under pressure from continuing high levels of inflation.
"However, the group's track record, strong brands and diversified business model, alongside the resilience of the wider soft drinks market, support the board's confidence in the group's long-term growth prospects, and that the group's adjusted PBT for FY 2023 will be in line with expectations."
