AG Barr profit swells in H1; unveils special dividend

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Irn-bru maker AG Barr declared a special dividend after first-half profit swelled as revenue grew by nearly a fifth following the return of on-trade demand.

For the 27 weeks ended 1 August, pre-tax profit jumped 378.4% to £24.4 million year-on-year as revenue rose 19.5% to £135.3 million.

The company resumed dividends, comprising an interim dividend of 2.00 pence per share plus a one-off special dividend of 10.00 pence per share.

'Record first half profit reflects positive underlying volume momentum as well as a number of benefits which will not repeat in the second half,' the company said.

'Full year operating margin expected to be slightly ahead of the prior full year.'