Premier Foods has posted mixed results for the first half, with revenue increasing by 2.5 per cent year-over-year to £514.5m.

During the first half, the operating profit fell by 13 per cent to £63.7m compared to £73.2m in the same period last year.

The company’s profit after taxation went down by 12.4 per cent to £41m from £46.8m in the year before. The decrease in profit was a reflection of higher restructuring costs, according to the business.

Over the first six months, Mr Kipling increased its revenue by 10 per cent and achieved a milestone of becoming a £200m brand.

The new categories’ revenue went up by 15 per cent with a standout performance in Cape Herb & Spice.

Premier Foods’ international revenue increased by 8 per cent in the first half and went up by 10 per cent in the second quarter.

Additionally, all of the acquired brands, including The Spice Tailor, FUEL10K and Merchant Gourmet, delivered double-digit revenue growth.

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Premier Foods’ headline sweet treats and grocery branded revenue increased by 6.7 per cent and 2 per cent, respectively.

Moving forward, the Group expects trading profit to increase by around 3 per cent to 5 per cent compared to last year.

Additionally, the FMCG manufacturer expects full-year adjusted profit before taxation and adjusted EPS to be within the top end of current market expectations.

Alex Whitehouse, CEO of Premier Foods said: “In the first half of the year, some of our grocery categories were impacted by prolonged periods of hotter weather; however, our business and brand portfolio are now significantly more resilient due to our expansion into new categories, overseas growth and M&A strategy, so therefore much less impacted by seasonal variations.

“With our increasingly resilient business and a strategy which continues to deliver, we remain confident on delivering further progress over the medium term.”