Premier Foods shares rise 5 pct after strong results

Nissin

15/11/2017 08:26

** Shares in British packaged food maker Premier Foods 
 PFD.L  jump 5.5 pct after modest H1 beat 
    ** H1 rev +1.5 percent to 353.3 million pounds 
    ** Adjusted EPS +0.9 percent to 2.56 pence 
    ** "H1 was just ahead of our forecasts on sales, trading 
profit and net debt," Jefferies says 
    ** Q2 rev +6.2 pct with over 40 percent of growth coming 
from partnerships with Nissin  9066.T  and Mondelez  MDLZ.O  
strategic partnerships 
    ** "Q2 sales trends are encouraging and make for one of the 
more positive trading updates we have read from PFD in a long 
while," Jefferies adds 
 
 (Reporting by Martinne Geller) 
 ((martinne.geller@thomsonreuters.com; +44 (0) 2075420797; 
Reuters Messaging: martinne.geller.reuters.com@reuters.net)) 
 
Keywords: PREMIER FOODS