UK: Pork pie maker Samworth Brothers books higher FY profits
Samworth Brothers secured more contracts during year
UK pork pie and pasty maker Samworth Brothers has booked rising full-year profits on the back of increased contracts with customers.
The family-owned company, which owns the Ginsters cornish pasty brand, generated net profit of GBP31.6m (US$50.4m) for the year to 2 January, up from GBP27.5m a year earlier.
Samworth's operating profit reached GBP47.9m, against GBP40.6m in the previous 12 months, accounts filed at Companies House show. The higher earnings came as turnover rose from GBP597.2m to GBP668.8m.
"The business continued to achieve strong sales growth, gaining additional business with its key customers," Samworth said.
- Does Kraft Heinz want to swallow Unilever whole?
- US food next wave on display at Winter Fancy Food
- Focus: Nestle CEO plan to balance sales, earnings
- Comment: Meal kits in US - don't believe the hype
- Why Reckitt Benckiser moved for Mead Johnson
- Kraft Heinz pulls Unilever bid
- General Mills issues profit warning
- Kraft Heinz pursuing Unilever in takeover move
- Kerry operating earnings strengthen on slow sales
- Kerry Group staff in Ireland suspend strike action