23/09/2008
Premium cake maker Finsbury Food Group has increased pre-profits 61 per cent to £7 million before £1.9 million exceptional costs.
The AIM-quoted company lifted turnover 13 per cent to £169 million in the year to June, helped by the acquisition and integration of Anthony Alan Foods. Chairman David Marshall says all divisions showed ‘significant’ turnover growth, despite ‘a much more challenging market environment’.
He adds the first10 weeks of the current financial year have seen ‘the upward sales trend continuing’. Finsbury shares, which fell from 117.5p last year to 39.25p earlier this month, now trade at 43p, valuing the company at £22 million.
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