Sales fell again last year at The Real Good Food Co, as the bakery and sugar group continued to wrestle with uncertainty over the European Union sugar regime.
Total sales in 2009 dipped slightly to £215.6m, down from £218.7m, with volumes down at its bulk sugar business.
But the company returned to the black with operating profits of £1.6m, having last year recorded a loss of £421,000.
Its retail sugar arm and bakery division, Hayden’s, both posted improved results. The bakery business supplies both Marks & Spencer and Waitrose.
Chairman Pieter Totté said the group was “better placed than ever to plan for growth and improved profitability” in the wake of its restructuring in the past 18 months.
Real Good Food hit by 2008 loss (10 June 2009)
Profits fall prompts Liverpool switch for Real Good Food Co (3 December 2008)