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Britivic profits down on recall

Robinsons parent company Britvic reported a slide in profits today following the recall of newly-designed bottles of its Fruit Shoot drink.

Robinsons parent company Britvic reported a slide in profits today following the recall of newly-designed bottles of its Fruit Shoot drink.

The J20 and Tango drinks firm, which recently agreed a £1.4bn merger with Irn-Bru owner AG Barr, saw pre-tax profits slide 19% to £84.4m in the year to September 30.

The decline came as Britvic took a £16.9m hit to cover the cost of the recall of all bottles of the children’s drink and spin-off Fruit Shoot Hydro in July due to safety concerns with faulty caps.

But the Hertfordshire-based company said it was on track to achieve production levels in line with historical demand by January 2013 as previously hoped.

 

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