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FIF - Finsbury Food News Story

83p 0.0  0.0%

Last Trade - 15/11/19

Sector
Consumer Defensives
Size
Small Cap
Market Cap £108.2m
Enterprise Value £145.8m
Revenue £315.3m
Position in Universe 959th / 1845

BRIEF-Cake And Bread Manufacturer Finsbury Says Looking At UK Sources For Products Ahead Of Brexit

Mon 16th September, 2019 7:14am
Sept 16 (Reuters) - Finsbury Food Group PLC  FIF.L :
    * FY PRETAX PROFIT ROSE 203 PERCENT TO 13.6 MILLION STG
    * FY REVENUE ROSE 3.8 PERCENT TO 315.3 MILLION STG
    * FY GROUP REVENUE £315.3M UP 3.8%
    * FY PROFIT BEFORE TAX £13.6M UP 203%
    * TOTAL DIVIDEND INCREASED 6.1% TO 3.5P
    * CONFIDENT THAT STRONG SECOND HALF PERFORMANCE WILL
CONTINUE INTO
YEAR AHEAD
    * HAS PREPARED A NUMBER OF STRATEGIES TO MINIMISE IMPACT OF
BREXIT
    * ANY TARIFFS ON TRADE BECAUSE OF BREXIT WILL THEREFORE HAVE
A
BEARING ON GROUP
    * HAVE CONTINGENCY PLANNING IN PLACE, LOOKING AT ALTERNATIVE
UK
SOURCES OF PRODUCTS FOR BREXIT
    * HIGHER LOGISTICS AND ADMINISTRATION COSTS MAY RESULT FROM
BORDER
DELAYS AND COULD NECESSITATE HIGHER STOCK LEVELS
    * DEVELOPING LABOUR STRATEGIES TO RETAIN AND DEVELOP
EXISTING
WORKERS, ATTRACT AND HIRE NEW WORKERS AND REDUCE LABOUR
    * BUYS SOME COMMODITIES FROM EUROPE

Source text for Eikon:  ID:nRSP3611Ma 
Further company coverage:  FIF.L 

 ((Reuters.Briefs@thomsonreuters.com;))
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