Britvic Ireland profits up after sugar tax imposed
Reported revenue in the Irish arm of drinks group Britvic declined in the 28 weeks to 14 April.
This was due to a weakness is its wholesale division.
Following the introduction of the sugar tax in Ireland, the group initially saw strong market growth in low and no-sugar variants, though this has now stabilised, Britvic said in a trading update.
Overall, organic revenue at the group increased 1.9pc to £769.2m (€876.5m).
Meanwhile, organic adjusted earnings before interest and tax increased by 5pc to £83.7m (€95m). The group's profit after tax for the 28-week period was up 4.8pc to £34.9m (€39.7m).
Britvic said the soft drinks levy in the UK had accelerated consumer trend towards its low/no sugar portfolio.
Britvic CEO Simon Litherland said: "I am pleased to report that we have delivered another strong performance in the first half of the year." He added that the soft drinks levy had "benefited" the company's portfolio.