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Nairn's Oatcakes reported a significant fall in underlying profit for the year ended May 20, with pre-tax profit down to £3.5m from £7.2m. Turnover rose 7.2% to £43.8m, but costs for ingredients, packaging, labour, energy and distribution rose sharply.
This is a company earnings report about a food manufacturer, with no direct effect on feed grain supply, demand or prices.
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