French poultry group LDC has seen its annual profits jump by almost half on the back of its recent acquisitions of local rival Arrivé and ready-meals business Marie.
LDC posted a 47.9% rise in net profit to EUR63m (US$77.9m) for the year to the end of February.
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The company’s higher earnings came on the back of a 5.9% increase in turnover to EUR2.06bn.
The group’s domestic profits were strong, with EBIT from its poultry business climbing to EUR79.6m to EUR60.1m a year earlier.
Internationally, LDC swung into the black, posting EBIT of EUR6.8m, against a loss of EUR3m a year ago.
LDC forecast that revenues would exceed EUR2.5bn in its next fiscal year as it benefits from integrating Arrivé and Marie.
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