21st Sep 2020 14:09
Finsbury Food Group PLC - Cardiff, Wales-based cake and bread maker - Pretax profit for 52 weeks ended June 27 dives to GBP2.9 million from GBP13.6 million, due to a GBP10.3 million exceptional charge. Revenue down 2.8% year-on-year at GBP306.3 million. Adjusted pretax profit down 14% at GBP13.7 million. Responding quickly to Covid-19 to deliver a robust trading performance. Decides against final dividend payout but expects to resume payouts in financial 2021. Starting to some positive monthly sales trends that hint at the beginnings of a recovery.
Current stock price: 56.00 pence
Year-to-date change: down 43%
By Tapan Panchal; [email protected]
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