Finsbury Food Group (FIF) – Preliminary Results

Preliminary Results

Finsbury Food Group (FIF) announced preliminary results in which the highlight was an adjusted full-year profit before tax of £7.7m up 68% from the previous year. The first ten weeks of the year have seen the upward sales trend continuing. The cake division has seen growth of 8% across its three businesses, Nicholas & Harris is up by 12% and United Central Bakeries is up by 43%. Whilst around 3% of that growth can be attributed to price, the balance has come from volume growth as we continue to innovate with products which have strong consumer appeal. The management added that the current year will be extremely hard to predict given all the uncertainty in the economy.