Finsbury Food Group has posted a 76% rise in profit before tax to £11.4M after a “transformational” year for the cake, bread and bakery goods manufacturer.
Finsbury has strengthened its position in the UK gluten-free bakery
market with the acquisition of two manufacturers in the country -
Yorkshire Farm Bakery (YFB) and A&P Foods.
Turnover increased for Finsbury Food by 50 per cent to £109.8m
(€158m) for the year ended 30 June 2007, aided by the demand
for premium foods, the company said today.
UK speciality cake and bread maker Finsbury Foods has snapped up
two Scottish bakers following an impressive financial performance
which allowed the company to amass a £10 million war chest to spend
on acquisitions.
UK speciality cake and bread maker Finsbury Foods has recovered
well from a rocky 2003, showing just how quickly a company can
progress by focusing on premium and indulgence trends across both
branded and private label sectors, writes...
UK speciality cake and bread producer Finsbury Foods is expecting
healthy profits in 2005 and claims to have reversed last year's
nightmare Christmas period, despite mixed reports from many
multiple retailers, reports Chris Mercer.
