Faith moves Everest to lift interim on poor half
Thursday 11 March 1993
The shares rose 6p to 133p as the West Midlands chip maker raised the interim payout from 1.1p to 1.2p.
Group sales fell by 10 per cent to pounds 16.1m in the six months to 30 November. A heavy investment programme disrupted production of frozen foods, including chips. Selling prices also slipped.
Pre-tax profits declined from pounds 1.8m to pounds 1.2m despite the pounds 4m cash injection in November 1991. The interest bill was halved to pounds 150,000, but earnings per share plunged from 5.85p to 3.15p.
The worst-hit division was egg production, where profits collapsed from pounds 265,000 to pounds 38,000. Overcapacity in the industry hit prices while there were also teething problems with new technology. Bob Gilbert, chairman, said there were signs that egg prices would increase.
Frozen chip capacity has been increased by 50 per cent. The chilled chip line is now in service. It has started supplying jacket potatoes to one supermarket chain and is producing frozen jacket potatoes for the catering trade.
- 1 Isis burns thousands of books and rare manuscripts from Mosul's libraries
- 2 Scarlett Johansson new band 'already hit with legal complaint' from another The Singles
- 3 Husband and wife die holding hands within hours of each other after 67 years of marriage
- 5 'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Isis burns thousands of books and rare manuscripts from Mosul's libraries
Husband and wife die holding hands within hours of each other after 67 years of marriage
Mohammed Emwazi: Family of man named as 'Jihadi John' described by neighbours as 'normal Muslim family'
Mohammed Emwazi: Nine things we know about Isis militant 'Jihadi John'
Mohammed Emwazi: Man identified as Isis killer 'Jihadi John' 'stopped by MI5' while on safari holiday in Africa in 2010
Oscars 2015: Birdman beats Boyhood as Eddie Redmayne and Patricia Arquette win big - as it happened
New theory could prove how life began and disprove God
Half of Ukip voters say they are prejudiced against people of other races
'Cash for access' scandal: Sir Malcolm Rifkind says 'unrealistic' for MPs to live on £67,000 salary
Aqsa Mahmood branded a 'disgrace' by her parents after claims she recruited three UK girls flying to Middle East
This is what it's like to be dead, according to a guy who died for a bit
iJobs Money & Business
£45,000: Anna Woodward: My client is aleading global manufacturer and service ...
£13 - £15 Hourly Rate: Danielle Degan: Are you looking for a Purchase Ledger r...
£150 - £200 Day Rate: Jemma Gent: Are you as an experienced accountant with ex...
£13 - £15 Hourly Rate: George Parlour: Do you want to give something back? Th...