UK-based chilled convenience foods group Uniq has reported higher first-half profits, which the company said reflected continued progress by Uniq in delivering better profitability and an acceleration in revenue growth.
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Operating profit from continuing businesses, before goodwill and exceptionals, was £17.2m for the half year to 27 September, up 65% year-on-year. Profit before tax, goodwill and exceptionals, was £11.4m, up 13% year-on-year.
Turnover from continuing businesses was £470.9m, a rise of 10% compared to the year-ago period.
“Whilst the markets we serve are ever more competitive, we have identified further opportunities to improve our operating efficiency and to gain share of market. Although the level of improvement in the first half is not sustainable in the second we are confident that Uniq is on track to capitalise on the foundations put in place over the last two years,” said chief executive Bill Ronald.
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