for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

CORRECTED-A.G. Barr profit sinks as Irn-Bru loses fizz to pandemic

(Corrects to “fell” from “rose” in second paragraph)

Sept 22 (Reuters) - A.G. Barr, best known for Scottish fizzy drink Irn-Bru, reported a near 63% slump in half-year profit on Tuesday, as coronavirus-related lockdowns sapped demand for its products.

The soft drinks maker said profit before tax fell to 5.1 million pounds for the six months ended July 2020, compared with 13.5 million pounds a year earlier. (Reporting by Tanishaa Nadkar and Aakash Jagadeesh Babu in Bengaluru)

Breakingviews

Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.


Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up