Lees Foods: Sales increased nine percent in H1/2010

Coatbridge / UK. (lf) Sweets and cakes maker Lees Foods PLC, owners of «Lees of Scotland» and «The Waverley Bakery», is giving the following trading update on its positive performance during the first six months of 2010, in advance of the release of the Company´s interim results which will be announced on 29 September 2010: Group sales for the six months to June 2010 closed at 9,62 million GBP, in comparison to 8,85 million GBP, for the same period last year, an increase of nine percent. The demand for the Lees range of products continues to be strong, and the Company is pleased to report that both Lees of Scotland and The Waverley Bakery achieved record sales for the first half of the year. Pre tax profits for the first half of 2010 are expected to be significantly ahead of last year´s figure of 394’000 GBP. The Company remains cautiously optimistic in respect of the second half of the year and expects that both sales and pre-tax profits will be ahead of market forecasts for the full year.

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