Soft drinks maker Britvic posts higher profit on strong demand
Adds details from results, CEO comment, and background in paragraphs 2-6
Nov 20 (Reuters) -Britain's Britvic BVIC.L reported a rise in annual profit and revenue on Wednesday, helped by strong demand for its soft drinks in the domestic market and Brazil.
"Britvic has not only delivered its best-ever financial performance but also made significant strides in our strategic priorities," CEO Simon Litherland said in a statement.
The company, whose acquisition by Danish brewer Carlsberg CARLb.CO is under regulatory scrutiny, posted a 15.2% jump in annual adjusted operating profit to 250.9 million pounds ($318.8 million), while revenue rose nearly 10% to 1.90 billion pounds.
Britvic's performance was boosted by volume growth across Britain and Brazil in the year ended Sept. 30, which offset a dip in volumes in other international markets.
The British beverages firm also said it expects to complete its deal with Carlsberg in the first quarter of 2025, if it gets regulatory clearances.
Britain's competition regulator last month launched a formal probe into Carlsberg's 3.3 billion pounds deal with the London-listed company that was announced in July to establish a UK beverage "powerhouse".
($1 = 0.7873 pounds)
Reporting by Pushkala Aripaka in Bengaluru; Editing by Rashmi Aich and Subhranshu Sahu
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