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Finsbury Food sees revenues grow in “difficult” market


by www.smallcapnews.co.uk - 04/08/2009

Finsbury Food sees revenues grow in “difficult” market

"Cake and bread maker Finsbury Food Group is set to report an 8% rise in revenues in the year to June 30, 2009, which should take its figures to around £182.5 million."

In what the company called a “difficult” trading environment and a year of transition for many of its subsidiaries, Finsbury said that 5% of the growth improvement had come from acquisitions and just over 1% comes from it being a 53 week rather than 52 week year.

Nevertheless, sales in its smaller Bread & Free From division saw like-for-like growth of 14%, with sales in the largest division, Cake, flat on the previous year.

Finsbury said its focus continued to be on reducing internal costs through integration and investment in acquired businesses and identifying and developing products to meet its consumers' needs.

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More Details: http://www.smallcapnews.co.uk/article/Finsbury_Food_sees_revenues_grow_in_difficult_market/8073.aspx