2 Sisters Food Group’s parent company, Boparan Holdings, has reported a 39% fall in like-for-like operating profit to £13.1M in its third-quarter trading update, driven by redundancy and bird flu costs.
2 Sisters Food Group’s parent company, Boparan Holdings, reported a 17.8% drop in like-for-like operating profit in its second quarter trading update, blaming currency fluctuations and the “very tough” trading environment.
Boparan Holdings – owner of 2 Sisters Food Group – is preparing for “one of our toughest” years, warned ceo Ranjit Singh, after the food giant’s parent company reported an 11.9% rise in operating profit to £19.8M in the 13 weeks to October 29.
2 Sisters’ parent company Boparan Holdings reported a 40% increase in like-for-like operating profit to £25.3M in its fourth-quarter trading update, despite the uncertain market following the Brexit vote.
The parent company for 2 Sisters Food Group has replaced Associated British Foods as the UK’s largest food and drink manufacturer, according to an index of 150 firms.
Ranjit Boparan says that running Northern Foods and 2 Sisters Food Group across five rather than four business divisions this year will give the group a “sharper business focus”.
