By Kyle Morris
Britvic PLC said Wednesday that pretax profit increased for fiscal 2021 and that it has raised its dividend.
The U.K. maker of soft drinks--which houses the Fruit Shoot, Robinsons and J2O brands among its portfolio--said pretax profit for the year ended Sept. 30 was 142.9 million pounds ($191.2 million) compared with GBP111.2 million a year earlier.
Revenue for the period was GBP1.41 billion compared with GBP1.41 billion a year earlier.
Britvic said it has had an encouraging performance to date in fiscal 2022, with volumes in first six weeks of the year ahead of the prior year. It is confident of further progress, with revenue, profit and margin growth expected for 2022 despite inflationary cost pressures.
"While there are multiple operational headwinds leading to increased inflation, we are confident we will mitigate them through a combination of our agile and resilient supply chain, revenue management and cost saving actions," Chief Executive Officer Simon Litherland said.
The board declared a final dividend of 17.7 pence a share, taking the full-year dividend to 24.2 pence a share.
Write to Kyle Morris at kyle.morris@dowjones.com