Nichols (GB:NICL) has released an update.
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Nichols plc reports a robust financial performance in the first half of 2024, with an 18% rise in adjusted profit before tax to £14.5 million and a significant special dividend payout. The company’s success is attributed to strategic initiatives leading to market share growth in the UK beverage sector and a strong cash position. Despite a slight revenue decline, Nichols expects full-year profitability to surpass market expectations.
For further insights into GB:NICL stock, check out TipRanks’ Stock Analysis page.
