McCambridge gets back in the black

BREAD maker McCambridge swung back into the black last year with pre-tax profits of €172,622. This is a positive turnaround for the company, best known for its stone-ground wholewheat bread, which reported losses of €900,000 in the previous year.

These losses were down to two exceptional items — the revaluing of assets and the purchase of Inter Link Foods.

In the year to June 27, 2009, gross profit increased from €2.9 million to almost €3.1m. Administrative expenses were €2.8m down from €3.8m in the previous year.