• Uniq H1 loss totals GBP12.5m (US$20.6m)

  • UK ops breaking even

  • Sees return to profitability by year-end

Uniq this morning (30 July) posted a pre-tax loss of GBP12.5m for the first half of the year, down from a profit of GBP3m a year ago.

For the six months ended 30 June, sales slid from GBP143m to GBP141m as consumers traded down to cheaper products, the UK food firm said.

During the period, the struggling ready meals maker struck a deal to sell its French unit to Groupe LDC for EUR73m (US$102.7m), subject to shareholder approval.

The company said that its UK operations are now breaking even and that it expects to return to profitability by the end of the year.

Click here for the full release, or check back later for just-food’s insight into Uniq’s trading performance.