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.


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.

GlobalData Strategic Intelligence

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

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now