Profits Drop Almost 30pc at Northern

The JournalJune 03, 2004

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Summary


Northern Foods yesterday reported a drop of almost 30pc in its annual profits after a "difficult and disappointing year".

The group, which produces own-label meals for supermarkets, saw its pre-tax profit after exceptional items fall 28.7pc to pounds 75.4m.

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Extract


Profits Drop Almost 30pc at Northern

Sales for the company, which employs 1,500 people at the Cavaghan & Gray biscuit factory in Carlisle, were up 8.5pc...

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