Set up for the initiative cost UK-listed drinks group £1.2m
Ballygowan owner Britvic said return rates for the scheme “are ahead of where they were for launches in similar-sized European countries”.
The introduction of the deposit return scheme for drinks containers in February led to a “modest” decline in sales volumes at the Irish arm of Britvic, the UK-listed drinks group said on Wednesday, despite an otherwise “robust” performance at the Ballygowan owner in the first six months of its financial year.
The Pepsi and 7U Distributor return rates for the scheme “are ahead of where they were for launches in similar-sized European countries”. Its introduction contributed to a slight 1.3 per cent decline in sales volumes in the six months to the end of March to 187.5 million litres compared with 190 million litres in the same period last year, Britvic revealed in its interim results on Wednesday.
“As expected, the launch has had a small impact on volumes, though it is still too early to evaluate the full impact and in other markets this has normalised over time,” the group said.Grafton Street investment offers 6.34% yield at reduced price of €2.15mAn Post named most reputable organisation over last 15 years as RTÉ suffers greatest declineI visited Singapore to see why it is ranked as the top education system in the world.
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