Britvic Posts Gain In Profit, Announces Retirement Of CFO

Britvic Plc BTVCY reported a rise in its profit for the 28 weeks ended April 12. The company also announced the retirement of its Chief Financial Officer John Gibney. Gibney will retire in April next year. Britvic's half year pretax profit climbed to 51 million pounds, versus 45.3 million pounds., in the year-ago period. Its profit after tax gained 14.7 percent to 39 million pounds versus 34 million pounds, while adjusted earnings per share rose 11.6 percent to 16.4 pence. Its revenue dropped to GBP650.3 million from GBP670.7 million. The company's board lifted interim dividend by 9.8 percent to 6.7 pence per share. Britvic still expects full-year EBIT of 164 million pounds to 173 million pounds.