US pasta and pesto manufacturer Armanino Foods of Distinction has booked an increase in first-half profits, boosted by higher sales.
In the six months to the end of June, income from continuing operations climbed 18% to US$2.35bn, the firm reported yesterday (19 July).
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Net sales in the six-month period amounted to $13.78bn, an increase of 13% on the prior-year period.
“We expect our margins to remain healthy for the remainder of this year thanks to raw materials pricing contracts that we have in place through the end of 2012,” said Armanino president and CEO Edmond Pera. “As usual, we will closely monitor the outlook of our material costs so that we can manage our margins appropriately.
