Profits at Irish arm of Heinz fall 22% to €13.5m as revenue takes a hit

Pre-tax profits at the main Irish arm of US food giant Heinz last year fell 22% to £11.4m (€13.5m).

Figures returned by HJ Heinz Manufacturing Ireland Ltd show the firm recorded the drop in profits after revenues decreased by 7%, from £97.4m to £90.7m, in the 12 months to the end of Apr 28.

Operating profits declined from £12.29m to £11.4m.