US pasta and pesto manufacturer Armanino Foods of Distinction has booked an increase in third-quarter profits and sales, driven by growth in all areas of the business.
In the three months to the end of September, net profit climbed 16.5% to US$788.1m, while income from continuing operations before taxes grew 16% to $1.28bn.
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Net sales in the third quarter amounted to $7.09bn, a 6% increase on the prior year period.
“We again had a record breaking third quarter and nine month period as all aspects of our business continue to grow,” said president and CEO Edmond Pera. “We are currently experimenting with new products which are natural extensions of our current product lines to be introduced in 2013. We are cautiously optimistic that these line extensions will open up new markets for us.”
