AG Barr grows sales but acquisition costs trim statutory profit
AG Barr ($BAG) increased half-year revenue by 8.5% to £247.4 million, supported by its core drinks brands and recent acquisitions. Adjusted pretax profit rose 2.6% to £36.1 million, with the adjusted operating margin holding at 15%. Statutory pretax profit declined 3.7% to £33.9 million, mainly because of one-off costs from integrating Fentimans. The company said summer supply problems had been resolved, its Cumbernauld manufacturing refresh was complete, and the Milton Keynes expansion remained
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