Inter Link Foods reports profit increase

Inter Link Foods today said it continues to trade strongly after reporting first-half pre tax profits up by 55 per cent.

Inter Link Foods today said it continues to trade strongly after reporting first-half pre tax profits up by 55 per cent.

The Alternative Investment Market-listed cakes- and pastry-maker said a string of acquisitions and organic growth make it confident for the full year.

Inter Link recently began making a fat-free cake and has new production lines that made Christmas cakes for the first time.

Pre-tax profits in the six months to end-October rose from £750,000 sterling to £1.16 million. Sales more than trebled at £22.6 million, following four takeovers.

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The dividend has been raised 17 per cent to 1.4 pence.

AFP