FIZZY drink maker
Profit before tax sank 24.3 per cent to £110.3m for the year to the end of September after
Revenue climbed 2.8 per cent year on year to £1.55bn while adjusted cash flow recorded a £116m inflow, compared to last year's £65m outflow.
That has raised prices for
"In this legislative environment, many companies have found their growth challenged and this has led to further intense competition across our branded portfolio," the company added.
The firm behind Tango, J20 and Fruit Shoot trimmed adjusted net debt by £9.4m to £575.5m.
Basic earnings per share shrank 31 per cent to 30.6p, however, though
However, the firm posted a 4.4 per cent year-on-year increase in adjusted operating profit to £214.1m thanks to sales of its low sugar and fruit-based drinks like Robinsons, Pepsi Max and R Whites.
"Sales of
Shares closed flat yesterday at 985p.
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