Finsbury Food Group Plc (AIM: FIF), a leading UK speciality bakery manufacturer of cake, bread and morning goods for both the retail and foodservice channels, today provides an update on trading for the current financial year, ending 26 June 2021.
Trading in the second half of the financial year has been strong and the Board now anticipates that Profit Before Tax for the full year will be no less than £15.0m, ahead of current market expectations.
The strong trading, in a period that has been impacted by Covid-19 throughout, has been driven by improving volume performance and the benefits of the Group’s operating brilliance program which has resulted in improved line efficiency and lower waste throughout the Group’s bakeries.
In the light of the expected performance and the current outlook, the Board plans on reintroducing the payment of the dividend for the financial year ending 26 June 2021.
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