Soft drinks company AG Barr Plc, maker of the iconic Scottish brand Irn Bru, said on Tuesday that its revenues have risen across its core brands in the first six months of the year.
For the 26-week period to July 31, the Cumbernauld-headquartered company posted a pre-tax income of 24.7 million pounds (26.7 million dollars) that edged up from 24.4 million pounds a year ago.
Adjusted profit before tax rose to 25.3 million pounds from 20.6 million pounds in the previous-year period. Post-tax earnings stood at 20.9 million pounds.
Or 18.81 pence per share, higher than last year’s 14.2 million pounds, or 12.71 pence per share.
Operating profit was at 25.5 million pounds as against 24.6 million pounds posted for the first half of 2021.
AG Barr generated sales of 157.9 million pounds versus 135.3 million pounds in the previous fiscal year.
For the first half, the board has declared an interim dividend of 2.5 pence per share, higher than last year’s 2 pence per share.
The dividend will be paid on Oct. 28, to shareholders of record on Oct. 7.
Chief executive Roger White said: “We anticipate in the coming months that the current economic environment will impact consumer purchasing behaviour.
“However, we currently remain confident that our strategy and actions will allow us to deliver a full-year profit performance ahead of the prior year.’’
