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Audrey Baxter

March 7, 2014

An acquisition drive led by the fourth gen head of food group Baxters has resulted in profits dropping 61% for the 2013 financial year, ending June last year.

An acquisition drive led by the fourth gen head of food group Baxters has resulted in profits dropping 61% for the 2013 financial year, ending June last year.

Scottish-based WA Baxter & Sons, the parent company of Baxters, reported pre-tax earnings of just £1.8 million, despite it’s total revenues rising 15% from the previous year to £157 million.

The company’s pre-tax earnings in the 2012 financial year had been £4.6 million, and £7.1 million for 2011.

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