Irn-Bru maker AG Barr has recorded a “solid” rise in full year profits, despite what it claims have been strong headwinds in the cost of raw materials.
Pre-tax profits were up 16.4% to £35.4m for the year to 28 January on sales up 6.6% to £237m.
Chief executive Roger White told The Grocer the results were a reflection of the companies continued investment in new brands and marketing,
“This is a very solid year’s performance, despite some strong cost pressures and at a time when household income has really been struggling,” he added.
The company recorded particularly strong growth in its exotic juice brands, Rubicon and KA.
Earlier this month it announced it was launching the Rubicon brand into ice cream and lollies, in its first move outside soft drinks. It is also due to open a new production facility in Milton Keynes.