5th Apr 2016 06:31
LONDON (Alliance News) - Cranswick PLC on Tuesday said it will report full-year results in line with expectations after achieving positive a performance in the final quarter.
The UK pork and poultry producer said continued positive trading during the final quarter of the year ended March 31 resulted in full-year total sales volume growth of 12%, underlying sales volume growth of 10% and corresponding revenue growth of 5%, each year-on-year.
Cranswick said UK consumers continued to benefit from lower pork prices, while export sales also grew strongly in the final quarter reflecting an ongoing robust demand for pork products in Asian markets.
Cranswick added that it invested well over GBP30 million across its asset base during the year and expects to invest at the same level throughout the current year.
"With experienced management at all levels of the group, a strong range of products, a well-invested asset base and a robust financial position, the board remains confident in the continued long-term success and development of the business," Cranswick said in a statement.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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