Tip Top breadmaker Allied Foods keeps annual sales unchanged, resumes dividends

Sun, 05 Jan 2014

By Jonathan Underhill Jan. 6 (BusinessDesk) – Allied Foods (NZ), whose products include Tip Top bread and Big Ben pies, posted sales that were little changed in 2013, while making its first dividend payment in three years. Revenue was $275.5 million in the year ended Sept. 1, 2013, from $276.6 million a year earlier, according to the company’s annual report filed with the Companies Office. A small increase in expenses saw profit fall to $13.4 million from about $16 million. Allied Foods is part of Australia’s George Weston Foods, which brou...

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