Highlights:
- Sales increased by 19 per cent to £525m (2006: £441m)
- Profit before tax & exceptional gains up 12 per cent at £32.4m (2006: £29.0m)
- Earnings per share pre exceptional gains rose 5 per cent to 50.1p (2006: 47.8p)
- Recommended 10 per cent increase in final dividend to 12.2p per ordinary share
- Feed milling business sold
- Encouraging start to current year
Martin Davey, Cranswick Chairman, said: "Cranswick has continued its successful development and is once again reporting record profits. Underlying sales growth was particularly strong resulting in an increase in market share which was further enhanced by the strategic acquisition of DeliCo on 1 November 2006.
"The past year has seen sales rise by 19 per cent and we anticipate further increases over the next year.
"The Company today announces the sale of the feed milling business of Cranswick Mill, the group's original activity. The trading environment has been particularly challenging in recent years following the substantial reduction in the UK pig herd.
"The Board is confident that the maintenance of an unchanged strategy will continue the successful development of Cranswick. The current year has commenced in an encouraging manner and the Board looks to the future with confidence"
|
