Finsbury Food H2 trading 'strong', FY pre-tax profits set to beat market expectations

Bakery chain Finsbury Food Group said on Wednesday that trading in the second half of the year had been "strong", with the firm now anticipating that full-year pre-tax profits will be no less than £15.0m, ahead of current market expectations.

Finsbury Food stated that its recent "strong trading" had been driven by improving volume performance and the benefits of its "operating brilliance program", which resulted in "improved line efficiency" and lower waste throughout its bakeries.

As a result of its expected performance and current outlook, the AIM-listed group said it now plans on reintroducing the payment of dividends for the trading year ending 26 June.

As of 1040 BST, Finsbury Food shares were up 6.77% at 90.22p.