Lees Foods announces record sales

02 August, 2010

Lees Foods has achieved record sales in both its Lees of Scotland and The Waverley Bakery businesses, for the six months to June 2010.

In its latest trading update the firm revealed group sales were up 9%, to £9.62m, and said demand for its Lees range of products continued to be strong.

Lees said it expected pre-tax profits for the first half of 2010 to be significantly ahead of last year’s figure of £394,000.

A statement by the firm said: “The company remains cautiously optimistic in respect of the second half of the year and expects that both sales and pre-tax profits will be ahead of market forecasts for the full year.”

* Following the disposal of its Patisserie UK business – which went into administration in March 2009 – Lees has more than doubled its pre-tax profits, from £379,000 in 2008 to £843,000 in 2009.

>>Lees plans for growth as profits rise

>>Lees and Patisserie UK resolve dispute





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