UK: AG Barr delivers despite tough market
AG Barr, the Scottish based manufacturer of soft drinks, has reported a 13% increase in full year profit on ordinary activities before tax to £15.6m. Turnover reached £127.2m, an increase of 3%.
Chairman, Robin Barr, said: "I am delighted to report continued strong growth in profits at A.G.Barr, further demonstrating the good progress the business is making. This performance is all the more pleasing against a backdrop of difficult trading conditions relating largely to the poor weather of 2004."
Roger White, CEO, said: "The progress we have made across the last 12 months is reflected in our excellent financial performance.
"The resilience and flexibility of the business has been tested in what has been a difficult year for many - I am pleased to report we have continued to build on our previous year's performance across all areas of the business.
"Business performance for the first eight weeks of the current financial year is in line with our plans."
Sectors: Soft drinks
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