Finsbury Food, which makes speciality cakes, muffins and breads, said its Memory Lane subsidiary, saw interim sales growth of 24% boosted by its Christmas product lines.
For the six months to December 31 sales came in at £27.7m with £22.9m from Memory Lane as festive product lines sales doubled.
However, labour difficulties at Memory Lane’s Cardiff facility and raw material cost pressures resulted in a post-tax loss of £0.2m for the same period.
Finsbury said these issues have now been addressed and would not detract from the underlying favourable outlook for the group.
In September the group secured a contract for the exclusive use of the Nestlé confectionery brands in the UK cake market. Distributed through the multiple and foodservice channels the range now includes 12 lines.
For the six months to December 31 sales came in at £27.7m with £22.9m from Memory Lane as festive product lines sales doubled.
However, labour difficulties at Memory Lane’s Cardiff facility and raw material cost pressures resulted in a post-tax loss of £0.2m for the same period.
Finsbury said these issues have now been addressed and would not detract from the underlying favourable outlook for the group.
In September the group secured a contract for the exclusive use of the Nestlé confectionery brands in the UK cake market. Distributed through the multiple and foodservice channels the range now includes 12 lines.
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