AG Barr profits sparkle despite ‘challenging’ first half - News Summed Up

AG Barr profits sparkle despite ‘challenging’ first half


Irn-Bru maker AG Barr has seen its half year sales fizz higher despite a tumultuous time for soft drinks firms faced with the new sugar tax, a CO2 shortage and extreme weather. Irn-Bru maker AG Barr has seen its half year sales fizz higher despite a tumultuous time for soft drinks firms faced with the new sugar tax, a CO2 shortage and extreme weather. AG Barr, which also makes Rubicon and Tizer, said its “growth momentum has not been interrupted” in spite of headwinds hitting the sector and a “challenging and volatile marketplace”. The shortage was caused by a raft of closures of factories producing the gas as a by-product of the fertiliser industry. Nicholas Hyett, equity analyst at Hargreaves Lansdown, said: “The sugar tax, a CO2 shortage and extreme weather have made the first half of the year a tumultuous one for the soft drinks industry.


Source: Irish Independent September 25, 2018 08:48 UTC



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