Tough dough at Dr Oetker as profits tumble in tough trading conditions
Dr Oetker, the Leeds-based producer of frozen pizzas and baking products, has suffered a £8.6m dip in pre-tax profits which the firm says is partly due to increasing raw materials prices as a result of Brexit.
Publishing annual results to March 31 2018 on Companies House, the firm reported pre-tax profits of £18.6m, down from £27.2m. It saw turnover rise to £161m from £157m in the previous year.
During the year, Dr Oetker paid 7m in dividends - a significant drop from £20m paid in dividends in the previous year.
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