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Premier Foods back in the black

By BFN News | 07:18 AM | Wednesday 15 November, 2017


Premier Foods edged back into the black in the first-half after revenue growth improved substantially in the second quarter. The company booked a net profit of £0.3m, turning around a net loss of £55.6m in the previous corresponding period. Adjusted pre-tax profit edged back 0.5% to £26.4m, while revenue rose 1.5% -- pushed higher by a 6.2% rise in the second quarter. "Overall, we continue to expect the business to make progress in the second half of the year and our expectations for the full year remain unchanged," chief executive Gavin Darby said. Story provided by StockMarketWire.com

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