date:Aug 09, 2012
ly to go up, Premier would need a price increase in its second half as wheat represented around 150M of its annual costs. With thatcomes risk.
Premier has restated the way it presents its numbers this half. On this basis underlying trading profit rose by 3.2% from 51.5M to 53.2M.
Sales, excluding milling, rose by 1.1% to 757.1M, with power brands, growing by 2.0% and branded Grocery sales rising by 1.7%.
On a divisional basis, Grocery profits fell by 4.4% to 95.5M, Bread profits fell by 27% t