Supermarket sees £13m fall in earnings

Iceland
Supermarket chain Iceland Foods saw a fall in earnings of £13m over the last 12 months. The Deeside firm has released its annual results for the 12 months to March. Sales were up 4.5% to £3.084bn on comparable 52 week basis ahead of UK grocery market as a whole. Adjusted EBITDA £140.1m, down £13m on comparable 52 week basis. The shortfall was in the first 12 months of the year and there was a stable profit performance in second half. Over the course of the year 43 new stores opened and The Food Warehouse chain expan... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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