Privately-owned UK bakery firm Warburtons has seen the rising cost of wheat hit annual profits.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company booked pre-tax profits of GBP43.4m (US$88.1m) for the year ending 30 September 2006, down from GBP49.1m a year earlier.
The fall in earnings came as Warburtons’ raw material costs rose by GBP13.8m. The company, however, saw sales rise, jumping 16% to GBP209m.
Chairman Jonathan Warburton said the 12 months had proved a success. “Towards the end of the financial year we achieved full national listings with a major retailer for the first time in our history, a real milestone for the business, which we will now look to build on,” he said.
“Looking ahead we continue to see further opportunities for growth.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
