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NEWS: AG BARR GETS 10% H1 PROFITS BOOST (Source: The Grocer)  

Irn-Bru maker AG Barr has unveiled a rise in first-half profits of almost 10% as chief executive Roger White insisted the group would meet its end-of-year targets despite tough market conditions.

Profits were up by 9.8% to ?11.1m for the six months to 26 July, against a more modest increase in sales of just under 6% to ?82.4m.

The results come after AG Barr, which also operates brands including Tizer and Rockstar, sealed the acquisition of juice group Rubicon last month for just under ?60m.

?This has been the second summer of poor weather in a row [but] we have continued to see excellent top-line sales growth,? said White. ?Our core brands have performed well and we have seen a strong performance from the Rockstar brand in its first year.?

He continued: ?The combination of poor summer weather, volatile input costs and the generally gloomy economic outlook will make the balance of the year challenging; however, assuming the market doesn't deteriorate significantly from now, we anticipate meeting our expectations for the full year.?

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