Irish food group Greencore posts revenue rise in first quarter

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Irish food group Greencore posts revenue rise in first quarter
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But food group warns of impact from increases to pay costs

Revenue at convenience food retailer Greencore rose in the first quarter of its financial year, as the company continued to broaden its product range.

“This was delivered despite our customers remaining under significant cost pressure from government driven policy changes and a changing competitive landscape,” Greencore said in a statement. Among Greencore’s markets, revenue in food to go categories increased 7.2 per cent to £314.7 million, while reported revenue in other convenience categories was 8.1 per cent higher at £159.6 million. Overall chilled ready meals volumes increased 23.5 per cent.

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