date:Aug 22, 2014
HJ Heinz Manufacturing Ireland Ltd reported that its pre-tax profits for the seven months to end of December 2014 fell by 75 per cent to 2.87 million.
Revenues were 52.85 million, a fall of 42 per cent.
While one of the main reasons for the substantial falls was the fact that the accounting period was seven months as opposed to 12 months in the previous period, it was not the only reason.
Taking the change in accounting period on board, profit fell by 8.2 per cent and revenues fell by 21 per