A 17% drop in pre-tax profits at East End Foods has been blamed on the weakness of the pound.

The manufacturer and C&C operator reported turnover up 4% to £114.6m in the year ending April 2009 with pre-tax profits slumping to £392,000 in results posted at Companies House this week.

The pound had made much of the food East End Foods imported more expensive, said buying director Don Wouhra. It had not passed on the full increases and had reduced margin to make prices more competitive, he said, but hoped to pass the increases on as the economy recovered.