(Reuters) – A.G. Barr on Tuesday warned of a hit to its operating margins in the short term due to inflationary pressures and acquisitions, even as the Irn-Bru maker forecast annual profit growth in line with its expectations. The warnings comes after the beverage maker reported a 13.3% rise in adjusted profit before tax for […]
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Irn-Bru maker A.G. Barr flags margins hit in short term
(Reuters) – A.G. Barr on Tuesday warned of a hit to its operating margins in the short term due to inflationary pressures and acquisitions, even as the Irn-Bru maker forecast annual profit growth in line with its expectations.
The warnings comes after the beverage maker reported a 13.3% rise in adjusted profit before tax for the year ended Jan. 29 to 43.5 million pounds ($53.58 million).
($1 = 0.8119 pounds)
(Reporting by Radhika Anilkumar in Bengaluru; Editing by Subhranshu Sahu)