World food company posts record sales for year
Manchester-based world foods producer The Authentic Food Group has posted record sales as it begins to reap the benefits of significant investment into new production facilities.
Accounts to be filed soon show the group made a pre-tax profit of £2.1m (2016: £0.8m loss) on record sales up 12% at £82.4m (2016: £73.6m) in the year to May 31, 2017. Gross margins increased to 29.3% (2016: 28.2%).
During the year the group, whose recipes are sold across major supermarkets and thousands of restaurants across the UK and Europe, succ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
