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Fevertree Drinks H1 profit climbs 78.9% YOY

Fevertree Drinks PLC said its normalized net income for the first half was 6 Great British pence per share, an increase of 78.8% from 4 pence per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £7.4 million, a gain of 78.9% from £4.1 million in the prior-year period.

Total revenue climbed 68.6% on an annual basis to £40.6 million from £24.1 million, and total operating expenses rose 66.1% from the prior-year period to £28.7 million from £17.3 million.

Reported net income increased 83.0% from the prior-year period to £9.4 million, or 8 pence per share, from £5.2 million, or 4 pence per share.