Losses escalate at Boparan Holdings as Vion acquisition continues to impact
BOPARAN Holdings, the holding company for Birmingham-based 2 Sisters Food Group, has seen second quarter losses widen to £27.5m from £12.3m a year ago. The loss is despite a 35% growth in total sales over the period when compared with the corresponding quarter in 2013.
The group’s performance continues to be impacted by the acquisition of Vion UK’s Poultry and Red Meat businesses.
Total sales over the quarter were £848m (2013: £626.5m), while like-for-like sales were £647.2m (2013: £623m). Op... For the full story register now for free or login below...