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Britvic expects full-year 2016 profit growth

Published 25/11/2015, 07:47
© Reuters.  Britvic expects full-year 2016 profit growth
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(Reuters) - Britvic Plc (L:BVIC), the British maker of Robinsons squash and Tango, had seen a slow start to its full-year 2016 due to challenging market conditions, but that it would grow its profit in the year.

The company, which also makes PepsiCo (N:PEP) brands Pepsi Max and 7UP, said it expected full-year 2016 earnings before interest, taxes, and amortisation (EBITA) to be in the range of 180 million pounds to 190 million pounds ($271.89 million to $287 million).

Britvic reported a 7.1 percent rise in constant currency EBITA to 171.6 million pounds for the full year ended Sept. 27, 2015. Revenue on a constant currency basis fell marginally to 1.30 billion pounds.

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