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A.G. Barr fiscal H1 profit climbs 14.6% YOY

A.G. Barr said its normalized net income for the fiscal first half ended July 27 came to 10 Great British pence per share, an increase of 14.3% from 9 pence per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £11.9 million, an increase of 14.6% from £10.4 million in the year-earlier period.

Total revenue grew 5.4% year over year to £135.7 million from £128.7 million, and total operating expenses increased year over year to £116.5 million from £111.8 million.

Reported net income grew 27.2% on an annual basis to £12.8 million, or 11 pence per share, from £10.1 million, or 9 pence per share.