Cake manufacturer Finsbury Food Group has reported a 95% increase in half-year pre-tax profit to £2.61m on sales up 91% at £82.76m.

The figures were boosted by a full half-year's trading for cake company Lightbody Group which Finsbury acquired in January last year, although double-digit like-for-like sales growth was recorded across all Finsbury's businesses.

The soaring cost of dairy products, flour, eggs and fats had increased Finsbury's materials costs by £10m but all price increase had been recovered from customers.

“This has been an extremely challenging period for the whole food industry and I fully expect the next 12 months or so to continue in this vein,” said CEO Dave Brooks.