Meat and pastry product company Canterbury Foods has reported a fall in sales and an increased loss for the half ended 30 June 2005.
Turnover for the period was £20.66m, compared with £23.49m in the same period last year, while the company’s loss after tax rose to £11.50m, compared with £933,000 in the year earlier period.
The company said that a combination of higher input prices, lower market volumes and continued pressure on sale prices depressed its performance in meat products. Food ingredients had suffered from the effect of the Sudan 1 scare on new product development.
However, pastry products had performed well and costs had been reduced across the business.
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