StockMarketWire.com - Irn-bru maker AG barr said it expected to report a rise in revenue in the first half of the year, following strong performance across both its soft drinks and funkin businesses.

Revenue for the 27-week first half of the financial year is expected to be about £134m, about 18% ahead of the prior year, and up 13% on a like-for-like 26-week basis.

Trading has been strong across both our business units, Barr Soft Drinks and Funkin,' the company said.

'Our positive first half performance reflects the underlying strength of the business and the encouraging performance of recent innovation launches as well as a number of non-recurring factors, in particular customer restocking, deferred overheads and marketing investment phasing choices,' it added.

Looking ahead, the company reiterated its earlier guidance, expecting profit for the current 53-week financial year ending 30 January 2022, to be slightly ahead of the performance delivered in the 52-week year prior to COVID-19.


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