Glisten has posted rising annual profits on the back of growing demand for healthier snacks and confectionery, the UK company said today (10 September).
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The London-listed firm booked an 18% jump in underlying pre-tax profits to GBP5.7m (US$11.6m) for the year to 30 June. Turnover rose 5% to GBP58.6m.
Chief executive Paul Simmonds said: “Glisten in exactly the right place to capitalise on the well-being trend in snacking and the rising demand for better quality products.”
Glisten’s core business focuses on the production of cereal, fruit snack bars and health bars but the company has a presence in organic and natural snacks and premium confectionery.
Last week, the company announced it had formed a joint venture with “lite” confectioner Skinny Candy and bought local nuts and snacks firm Dormen Foods for GBP7.45m.
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By GlobalData
