Richmond Foods has reported improvement in its retail market position in the second half of the year, which, according to AC Nielson, stood at 33.7% for the 52 weeks ended 4 September 2004, up from 28.7% last year, in a market that declined by 6.5%.

It also stated that it expects its pre-tax profits to be around the sum of £14m.

James Lambert, Richmond’s chief executive, commented: “Richmond is successful because we invest in the business to deliver excellent products at competitive prices. We plan to continue our profitable growth through further innovation and cost efficiency.”

A preliminary announcement of results for the year will be made on 30th November 2004.