Party food may see a record Christmas for Cranswick

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Shares in the pig-rearing specialist soared more than 5% to 1405p after a better-than-expected half year as margins improved and profits jumped 11% to £25.8 million.

Investors were also cheered by the prospects of its new chicken business – it bought supplier Benson Park  in October.

Cranswick chief executive Adam Couch said the deal has made it a major “protein player” and allows the company to broaden its customer base.

Sales dipped 0.4% to £481.5 million in the six months to the end of September but it reduced debt and raised its dividend by 6% to 10.6p.

The company recently won new customers which it expects will boost sales over the Christmas period.

Source Article from http://www.standard.co.uk/business/business-news/party-food-may-see-a-record-christmas-for-cranswick-9879892.html

November 25, 2014 |
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