Britvic’s adjusted EBIT jumps 22% as lower costs offset the decline in revenue

In an announcement on Thursday, Britvic plc (LON: BVIC) said that its pre-tax profit saw a slight improvement in fiscal 2020 as lower costs helped even out the decline in revenue. The company, however, warned that the newly imposed COVID-19 restrictions were expected to keep its performance under pressure in the first six months of the current financial year. The COVID-19 crisis has so far infected more than 1.5 million people in the United Kingdom and caused over 56 thousand deaths. In separate news from the United Kingdom, PayPoint plc also published its financial results for the fiscal first half