Sales at Cranswick plc have soared 19% as a result of volume gains and the acquisition of CCF Norfolk.
Total sales at the pork supplier stood at £198m for the three months to 30 June, 19% higher than the previous year, excluding revenue from its pet business, which was sold in April last year. The increase includes organic growth of 6%, and a 13% boost from the purchase of CCF Norfolk, which it acquired in June 2009.
Cashflow continued to be strong throughout the first quarter and capital projects such as the expansion of its Lazenby's sausage facility were on schedule, Cranswick reported.
Although there had been a reduction in sales of Continental products, they had been offset by substantial gains made in pork, bacon and sandwiches.
The company reduced net debt to £54m, £10m less than the level at which it stood the same time last year.
Total sales at the pork supplier stood at £198m for the three months to 30 June, 19% higher than the previous year, excluding revenue from its pet business, which was sold in April last year. The increase includes organic growth of 6%, and a 13% boost from the purchase of CCF Norfolk, which it acquired in June 2009.
Cashflow continued to be strong throughout the first quarter and capital projects such as the expansion of its Lazenby's sausage facility were on schedule, Cranswick reported.
Although there had been a reduction in sales of Continental products, they had been offset by substantial gains made in pork, bacon and sandwiches.
The company reduced net debt to £54m, £10m less than the level at which it stood the same time last year.
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