UK food producer Cranswick has reported pretax profit of £11.5m (US$19.4m) for the six months to end-September, up 10% from £10.5m a year earlier.

The company, which produces cooked meats, pork and sausages, said turnover rose 10% to £134m from £122m a year earlier, reported Reuters.

Cranswick, which also has operations in the agribusiness and pet-food sectors, said trading in the second half would be leaner because of rising costs and competitive pricing.

But CEO Martin Davey said he remained confident about the future. “Medium and long-term prospects remain strong,” he was quoted by Reuters as saying.