Finsbury Food Group Sees Revenues Down 3.4% In Full Year
Bakery and cakes supplier Finsbury Food Group has posted a 3.4% decline in revenues for full-year 2017/18, of £303.6 million.
The company said, however, that if its loss-making Grain D'Or factory, which has since closed, is excluded, revenues were up 2.4%.
Similarly, statutory profit before tax at the business fell by 65.7%, however again this was associated with one-off closure costs. On an adjusted basis, profit was up 4.0%.
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