AG Barr Well-Positioned To Weather COVID-19 Storm, Despite Challenging First Half
Soft drinks manufacturer AG Barr is likely to navigate through the current COVID-19 crisis relatively unscathed, despite a challenging start to the year, leading analysts have said.
In the six months to 25 July, the Irn-Bru maker said that revenue fell by 7.6% to £113.2 million (€122.8 million), while profit before tax was down by 62.2% to £5.1 million (€5.54 million).
However, swift action to control costs and maintain financial stability, coupled with the effects of a 'business re-engineering' programme last year, through which the business is seeking to simplify its operations and rationalise its portfolio, should do the business some service in the medium term.
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