Increase in turnover for AG Barr while profits slide

Irn Bru owner AG Barr has announced a year-on-year 4.9 per cent increase in turnover to £130 million, although pre-tax profits have dropped eight per cent to £14.9 million.

Chief executive Roger White also spoke for the first about the recently announced £1.4 billion merger deal with Britvic. He said, “There is a strong industrial logic and there’s an opportunity to achieve some syngergistic benefits. All of those things add up to value for shareholders.”

AG Barr and Britvic will reveal the results of the merger talks before October 3rd.

Category: Uncategorized archive
Tags: AG Barr, Britvic, Irn Bru