21 October 2009 - French food group Tipiak has announced that it turnover for Q3 amounted to 31.8 million euro, down 1% year-on-year.
The third quarter marked a stability of business, said Tipiak, which saw signs of profit in September.
Q1-Q3 accumulated turnover for Tipiak's frozen (accounting for 56.7% of the group’s turnover) and dry food segments were down 8.4% and 4.1% respectively.
The stable performance in Q3 was partly helped by the company's investments in advertising and by the resistance of the 'Tipiak' brand.
Tipiak maintains its growth targets for H2 2009, the group said in a statement.