The Leeds based food manufacturer, Northern Foods, has reported an increase in revenue for the the year ended April 3 from £975m to £977m.
The food manufacturer accounted the rise in profits to an increase in investment in brands, automation, food science and technology. This has positioned the company for continued growth.
Northern Foods also stated that the last financial year had witnesed te firm strengthen its capabilities by recruiting new talent. The food maufacturer has recruited five new scientists, one per business unit – in otder to support their cheif scientist and gain advantage over their competitors in the food industry.
A spokesperson from Northern Foods said: “Northern Foods has traded solidly in challenging market conditions. We expect these conditions to continue, but we remain well positioned for the future.
“Even during these uncertain economic times we continue to invest in brands, cost efficiency and technology to deliver long term shareholder value supported by our strong financial position.”