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A.G. Barr profit falls

Christian Fernsby ▼ | September 22, 2020
A.G. Barr PLC reported Tuesday a fall in pretax profit for the first half of fiscal 2021 on lower revenue hurt by the coronavirus pandemic, and exceptional charges.
A.G. Barr
Profit   A.G. Barr
The drinks producer made a pretax profit of 5.1 million pounds ($6.5 million) for the six months ended July 25, compared with GBP13.5 million in the year-earlier period.

Topics: A.G. Barr

This includes a GBP11.5 million pretax exceptional charge related to the continuing business re-engineering program and impairment of Strathmore brand and assets, A.G. Barr said.

Revenue fell to GBP113.2 million from GBP122.5 million, as the pandemic slashed the hospitality sector.