Bakers upbeat despite €900k loss

BREAD maker McCambridge swung into the red last year with pre-tax losses of almost €900,000 but the company insists it will be profitable again in the next two years.

Company director Michael McCambridge said the loss in the year to the end of July 2008 was down to two exceptional items –the revaluing of assets and the purchase of Inter Link Foods.

Last year’s results are in contrast with pre-tax profits of almost €1.5 million the previous year.