Lower profits for Glisten snacks

Snack foods group Glisten expects to report a 6% increase in total sales for the year despite first half operating profits being behind the same period last year as a result of some under-recovery of overheads caused by lower volumes.

It says it traded satisfactorily over the first 6 months of the current financial year despite turbulent market conditions, which dampened sales and created more erratic demand patterns in many of its trading sectors.

In the run up to Christmas, trading in Confectionery and Savoury Baked Snacks was slower than expected, but Dormen, its premium nut brand, continued to make progress and both Lyme Regis (organic and protein-based snack bars) and Nimbus (bakery inclusions) performed solidly in the six month period.