AG Barr sees double digit rise in profits at interim stage

23rd Sep 2014 07:17

Total turnover at soft drinks manufacturer AG Barr grew by 5.4% to £135.7m in the six months ending on 27 July to reach £135.7m, resulting in a 14.6% increase in profit before tax (PBT) to £19m.In underlying terms PBT was 11% ahead on the comparable period at £18.4m, with underlying free cash flow generation standing at £11.2m.Management announced its plans to maintain its increased levels of investment despite the 'challenging' market conditions seen across the soft drinks category and in the general consumer environment.The interim dividend was raised 10.1% to 3.11p per share.-- More to follow --