Spanish meats group Argal posted a 10% jump to €127m (US$153M) in 2004 revenues as the company entered new markets in Spain. Profits rose "higher" than the €2.3m delivered in 2003, company officials said.

Moreover, Argal said it is studying entering the EU and US markets in the near future, especially after the US relaxed Iberian-ham import rules. The company is more interested in the EU markets, the officials noted without further comment.

Argal will invest €17m to expand its domestic manufacturing facilities and streamline production, they added. 

Argal company makes cured jam, poultry and several sausage products for the hotel and restaurant chain. It derives 10% of revenues from the international markets