Boparan Holdings, the parent company of 2 Sisters Food Group, has reported mixed third-quarter results, with higher underlying operating profit but the cost of closing sites hitting its bottom line.

Like-for-like operating profit, before exceptional items, was up at GBP22m in the 13 weeks to 26 April, compared to GBP16m a year earlier.

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Like-for-like sales rose 2.4% for the period to GBP744.7m (US$1.2bn), the Fox’s biscuits and Goodfella’s pizza owner said. 

However, Boparan posted a loss on ordinary activities after tax and after exceptional items of GBP28.6m compared with GBP8.2m for the same period last year.

The company cited charges of GBP34.1m for the closures of a chilled foods site in Corby and a cake plant in Newport

CEO Ranjit Singh however said the results were “in line with our expectations”.

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“We are seeing the benefits of actions taken to improve profitability across our three divisions and are working with our customers to build a platform for future growth. The actions to address the challenges in chilled are stabilising the business and we continue to work towards initiatives to improve profitability such as exiting the unprofitable salads and cakes business.

“We are investing in capacity in our existing sites to drive efficiency and investing in innovation to provide great food at great value. This will drive long-term growth with our customers and help build a bigger and better business.”