|Master Investor Magazine
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The price of shares in AIM-listed baker Finsbury Foods (LON:FIF) rose 6.08% to 69.48p (as of 13:10 BST) as it reported a 3.8% increase in revenues for the year ended 29th June. Pre-tax profits for the year were up by 203% as it introduced new products to market and saw substantial gains during the second half of the year.
CEO John Duffy commented: “In what has been a continued challenging market environment, our sales growth and increased dividend demonstrates our ability to navigate more challenging times and our continued confidence in the prospects of the Group. Our achievements have been underpinned by our relentless focus on investment, efficiency and innovation, alongside our ability to harness the growth available from premium, healthy and authentic on-trend innovation.
“We are confident that the Group is on a strong footing and able to drive further growth in the period ahead, as we continue to build a strong, lean, scale competitor and consolidator“.