CSM feels volume pinch, as pre-tax profits fall
Bakery product supplier, CSM, has reported a 23% fall in pre-tax profit to E27m (£22.1m) in the third quarter as the recession starts to bite. Although sales increased by 2% to E639.5m (£523.1m), CSM said it had seen evidence of "downscaling and downtrading" by customers.
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