UK cereal maker Weetabix has reported higher pre-tax profit for its financial year 2002/03, partly due to the success of its new Alpen cereal bars.
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 privately-owned company posted pre-tax profits of £50.6m (US$88.1m) for the year to 2 August, a rise of 14% compared to the previous year, reported the Financial Times.
Turnover was £382.7m, up 6% from the previous year.
In November, US private equity group Hicks, Muse, Tate & Furst agreed to buy Weetabix for £642m in cash. Weetabix shareholders are to meet on 6 January to vote on the takeover bid.
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
