Underlying net profit at troubled food company Aryzta has tumbled 72pc to €49.6m in the 12 months to 31 July. Underlying net profit at troubled food company Aryzta has tumbled 72pc to €49.6m in the 12 months to 31 July. Earnings before interest, taxation, depreciation and amortisation fell by 28pc year-on-year to €301.8m at the Irish-Swiss company, while revenue at the group declined 9.5pc to €3.4bn, according to a trading update from Aryzta. In August Aryzta announced that it intended to raise up to €800m of capital. The proceeds from the capital raise will be used for term loan repayment, liquidity improvement and general corporate purposes.

Source: Irish Independent October 01, 2018 05:48 UTC