Spanish meat processor Carnicas Serrano has reported 2001 net profits up 41% year on year, to reach €560,000 (US$492,000). On a total production of 8,380 tonnes, the company's turnover for the year reached €27.8m, up 14% year-on-year. Cash flow for the year stood at €1.28m and Carnicas Serrano invested €300,000 in product innovations.