UK ice-cream maker Richmond Foods said today [Thursday] that it expects annual results for the year to 29 September to be in line with analysts’ forecasts.
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Coming to the close of its first key summer trading season since its acquisition of Nestlé’s branded ice-cream business, Richmond said turnover for the year would be approximately 30% up on the previous year.
Branded sales have made a strong contribution, the company said in a media statement, while product development across the board was healthy. The new cost base has benefited operating efficiencies, the company added.
