Unigate issues profit warning

22 July 1999

Unigate issues profit warning

UNIGATE chairman Ian Martin told the companys annual meeting that he is not expecting profits to rise before the second half of this year.

The group, which reported last month a 3% fall in underlying annual profits, blamed difficult trading conditions, particularly high pig meat prices in the UK.

Overall profit levels since the beginning of the year were well below last year.

Worst hit were the Malton pig unit and the St Ivel chilled product business.

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