# Profits fall at Nairn's Oatcakes as Ukraine war hikes costs | The Herald

> 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.

- Date: 2023-11-23 · published 2023-11-23T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/33233-profits-fall-at-nairn-s-oatcakes-as-ukraine-war-hikes-costs-the-herald
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

This is a company earnings report about a food manufacturer, with no direct effect on feed grain supply, demand or prices.

## Sources

- heraldscotland.com: https://www.heraldscotland.com/news/23941573.profits-fall-nairns-oatcakes-ukraine-war-hikes-costs/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.