Patties Foods has warned on full year profits and announced the resignation of its CFO

Patties Foods has warned on full year profits and announced the resignation of its CFO

Australian frozen berry manufacturer Patties Foods has announced the resignation of its chief financial officer, Michael Knapp, a day after the company warned full year profits had been impacted by A$1.5m (US$1.2m) as a result of the hepatitis A scare earlier this year.

Patties Foods warned yesterday (3 June) underlying profit for the 2014/15 period will fall to A$15m from A$17m a year earlier.

In February, Patties announced a recall of Nanna's frozen mixed berries after they were linked to an outbreak of Hepatitis A.

Steven Chaur, Patties managing director and CEO said: "We have been significantly impacted in FY15 through loss of NPAT of approximately A$1.5m as a result of the frozen berries recall event. PFL's core savoury and sweet pastry brands continue their solid performance, despite significantly increasing meat prices."

Today (4 June) the company announced the resignation of its CFO Michael Knapp who leaves to "pursue another career opportunity".

Knapp joined the company in 2009 and acted as interim CEO between late 2013 to early 2014.