US food manufacturer Lancaster Colony has recorded an increase in first-half profits, boosted by sales growth in both of its divisions.
Earnings in the six months to the end of December amounted to US$61.9m, a 20% increase on the prior-year period, the company reported yesterday (30 January). Operating profit climbed 22.3% to $93.2m.
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Sales reached $617m compared to $586m in the year-ago period.
Chairman and CEO John Gerlach said he was “pleased” that both of its operating segments achieved growth in sales and income.
