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Soft drinks group's profits up by 8%

Published:  23 July, 2008

AG Barr, the soft drinks group whose brands include Irn-Bru, Tizer, and Strathmore Water, has announced a pre-tax profits rise of 8% for the six months ending July 28.

The exact figure for profit on ordinary activities before tax and exceptional items was 10.13 million, compared with 9.38m for the same period in 2006.

The Irn-Bru and Diet Irn-Bru brands grew revenue by 2%, and gained market share in England, while the group's interim dividend increased by 0.75p to 11.00p per share.

AG Barr's chief executive Roger White said: "Despite the extremely poor weather experienced across the UK in the period from May to July, we have continued to deliver consistent sales growth, and at the same time, maintained our strategy of investing behind our brands and further developing our portfolio."

In February, the group opened a new 17m sales and distribution facility at Cumbernauld in North Lanarkshire, Scotland, while Strathmore Water received 2m of investment to support growth in the Scottish market.