When all other manufacturing industries have been struggling for survival bakeries in Britain s have posted better profit margin and sales figure
A brief report
In what has been a positive year for bakers, family-run firm Warburton’s has posted staggering profits for 2009.
The Bolton-based baking giant saw pre-tax profits rise by more than £5.2 million to reach £62.7 million in the year ending September 26th 2009, compared to £57.5 million in the same period the previous year.
Warburton’s profits were boosted by a year-on-year sales rise of six per cent, which took total revenues to £510.8 million.
Company chairman John Warburton hailed the firm’s "solid operating performance" in what he viewed as a "difficult economic environment".
It seems Britain’s booming baking industry is the best thing the manufacturing sector has seen since sliced bread as firms across the board continue to post healthy profits.
Earlier this year, national firm Greggs posted a sales hike of 2.6 per cent for the first 18 weeks of the year, while last week it was the turn of Scottish company Lees Foods, which reported that year-on-year sales had jumped by £2.1 million to reach £18.2 million
Source :http://www.guttridge.co.uk/news
Author : Emma
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