This morning’s Interim Results from Premier Foods (LON:PFD) were better than expected, even though they showed no real advance in the six months to 27th September.
Against toughening trading conditions, the group has reported a 0.7% increase in headline revenue to £502.5m for the half-year, with branded revenue up 1.9% to £453.0m, driven by strong performance in its Sweet Treats.
The trading profit saw a modest 0.4% rise to £70.5m, while statutory profit before taxation increased by 18.5% to £63.4m.
The company also reduced its net debt by £14.2m to £207.1m and is...
