Business News Bisto and Mr Kipling makers Premier Foods' shares boosted by sales growth

15th May 2018

Shares in Premier Foods, the owner of household brands such as Bisto, Mr Kipling and Hovis, rose more than 5 per cent in early trading after the group reported increased sales and profit for last year.

The company said it performed ahead of expectations in terms of revenue, trading profit and debt in the year to 31 March.

Revenue rose 3.6 per cent to £819.2m, from £790.4m the year before, while profit grew by 5.1 per cent from £117m to £123m, while the group shrank its debt to £496.4m from £523.2m.

 

Source: Caitlin Morrison, The Independent Online.

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