Heinz records 4% decrease in profits

THE Irish arm of US food giant Heinz recorded a 4% drop in pre-tax profits last year to £12.2m (€14.2m), new figures show.

According to accounts just returned to the Companies’ Office, HJ Heinz Frozen and Chilled Foods Ltd incurred the drop in profits after sustaining a marginal drop in turnover from £97.2m to £96.3m in the 12 months to the end of April.

The filings show that the producer of iconic brands Heinz Ketchup and Heinz Baked Beans also sustained a drop in operating profits from £11.8m to £11.6m.