Salem Radio Network News Thursday, June 1, 2023


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)


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