Boparan Holdings, the parent company of 2 Sisters Food Group, has reported a £26M drop in operating profit in its full-year results, as it struggles with a “tough trading environment” and rising input costs.
Associated British Foods (ABF) saw a £171M boost to its operating profits in its interim results posted today, boosted by its ingredients and grocery businesses.
2 Sisters’ owner Borparan Holdings claims its “Better before bigger strategy”, is starting to pay off, after posting operating profit up by £26.4M to £22.1M for the 13 weeks to January 30 2016.
Boparan Holdings – the owner of 2 Sisters Food Group – has posted total sales down by 3.5% to £778.3M and falling operating profit in the 13 weeks to October 31.
Real Good Food Company (RGFC) has posted a £9.3M profit after tax for the six months to September 30 2015, largely off the back of the sale of its Napier Brown business for £44M.
Magners producer C&C has reported “difficult trading conditions” in its core markets as operating profit fell 9.5% to 62.2M in the six months to August 31 2015.
Times are tough in the European food sector, plagued by industry overcapacity, consumer price sensitivity, grocery price wars and retailer pressure on manufacturers’ economics. But taking six practical steps will help food and drink manufacturers find...
Strong profit performances by Associated British Foods’s (ABF’s) grocery and ingredients divisions and Primark will help to offset lower sugar prices and currency factors, predicted the food giant in a trading update today (September 8).
Rising input costs and pressure from competitors within the big three UK dairy groups have hit Robert Wiseman’s profits for the half year period ending October 1, according to city analysts.
