US snacks and smoothie manufacturer Inventure Foods has booked an increase in first-half profits.
In the six months to the end of June, net profits soared 47% to US$3.3m, the company reported today (2 August).
Inventure attributed the increase to an “improved plant performance” in the firm’s snack segment and a favourable product mix in the frozen segment.
Operating profit amounted to $5.67m, a 43% increase on the prior-year period, while sales climbed 18.4% to $95m.
“We remain focused on the growth of our innovative products through the continued execution of our strategic plan,” said CEO Terry McDaniel. “We are excited for new opportunities as we leverage the success realised in the first half of 2012 and seek to add continued value to our shareholders through sustainable long-term growth.”
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