Tonic maker Fevertree’s half-year profit dips on cost pressures

tonic-maker-fevertree’s-half-year-profit-dips-on-cost-pressures

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Stock Markets 14 minutes ago (Sep 13, 2022 02:20AM ET)

Tonic maker Fevertree © Reuters. Products from the drinks company Fever Tree are displayed in London, Britain May 11, 2016. REUTERS/Neil Hall

(Reuters) – Tonic maker Fevertree reported a fall in profit for the first half of the year despite strong demand in Europe and the U.S., as inflationary pressures and continued exposure to elevated Trans-Atlantic freight costs bit into earnings.

The London-based company said its adjusted core profit for the six months ended June 30 was 21.9 million pounds ($25.62 million), compared with 29.2 million pounds the previous year.

($1 = 0.8547 pounds)

Tonic maker Fevertree’s half-year profit dips on cost pressures

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