Senior Share News (SNR)

(ShareCast News) - Upmarket drinks company Fever-Tree saw its half-year profits and revenues jump thanks to strong growth in its US and Europe businesses.Pre-tax profits rose to £6.59m from £1.13m during the first six months to 30 June 2015.The group's revenues jumped 62% to £24.1m driven by strong growth in the UK (62%) thanks to a good performance in its on-trade and off-trade.The US business reported a 69% increase in revenues thanks to a rise in popularity of its premium gin ad tonic products.Furthermore, revenues in Europe rose 61% and 77% when adjusted for the weakening Euro driven by importers taking large orders in June. Manufacturing group Senior said strong currency headwinds hit its first half pre-tax profit, although revenue was boosted by favourable currency movements.The company said its pre-tax profit for the first six months of the year edged 0.22% lower year-on-year to £45m, although it increased 5% on a constant currency basis.Revenue increased 8.5% to £434.5m, on the back of acquisitions and favourable currency movements, although it rose just 4% at constant currency.