UK: Cranswick profits, sales rise
UK food producer Cranswick has announced higher sales and profits for the year ended 31 March 2005.
Turnover increased to £318.5m (US$582m) from £270.1m the year before. Profit before tax rose to £23.6m from £21.1m.
"It gives me immense pride to be reporting further increases in turnover, profit and earnings per share, each to new highs," said chairman Martin Davey.
"The company is well positioned to continue its successful development," he said. "It has products in growing sectors of the market. Significant investment has been made in operational facilities to ensure that it continues to produce at the highest level of quality and on the most efficient basis."
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