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BRIEF-Lotus Bakeries H1 REBIT rises to ‍​46.7 million euros
August 18, 2017 / 3:52 PM / a month ago

BRIEF-Lotus Bakeries H1 REBIT rises to ‍​46.7 million euros

Aug 18 (Reuters) - LOTUS BAKERIES NV:

* H1 REVENUE EUR 258.9‍​ MILLION VERSUS EUR 256.4 MILLION YEAR AGO

* 35 EMPLOYEES WILL BE LET GO IN H2 DUE TO AUTOMATION IN GINGERBREAD PRODUCTION

* H1 REBIT EUR ‍​46.7 MILLION VERSUS EUR 43.8 MILLION YEAR AGO

* H1 NET RESULT EUR 31.9‍​ MILLION VERSUS EUR 30.8 MILLION YEAR AGO

* WEAKER POUND FOLLOWING BREXIT VOTE IS HAVING SIGNIFICANT IMPACT ON CONSOLIDATED TURNOVER

* DURING 2017 PRICE INCREASES HAVE BEEN INITIATED IN UK

* POSITIVE EFFECT OF PRICE RISES IN UK WILL MAINLY BE FELT IN H2

* DISTRIBUTION AGREEMENT HAS BEEN SIGNED WITH PARTNER IN INDIA FOR LOTUS BISCOFF Further company coverage: (Gdynia Newsroom:)

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