SHARES in AG Barr dropped more than five per cent in morning trading after the company highlighted pressure on sales amid poor weather and challenging market conditions.
AG Barr said it made turnover of £130.3m in the six months to July 25, down from £135.7m in the first half of its prior financial year.
Underlying interim pre-tax profits rose by 3.3 per cent to £17.8m.
Roger White, chief executive of AG Barr, said: "We have delivered a number of significant system, business process and operational improvement projects over the course of the last six months, which will ensure we can successfully deliver our long-term growth and efficiency ambitions.
“These important changes have been made against a challenging backdrop of stretching prior year comparatives, disappointing weather and tough market conditions.”
He added: “Our focus in the coming months will be to build our sales momentum and continue our long-term brand investment strategy.”
Shares in AG Barr were down 29p at 533p in morning trading.
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