27th Jul 2015 06:58
LONDON (Alliance News) - Food producer Cranswick PLC on Monday said its first-quarter trading was in line with its expectations, with a rise in revenue and higher underlying sales year-on-year.
The FTSE 250-listed company, which makes food products including sausages and pies, said its revenue in the first quarter to the end of June was up 8% year-on-year on the back of robust volume growth across most product categories.
Underlying sales in the quarter were up 4%, also on the back of higher volumes, while export sales to Far Eastern markets continued to be positive, with volumes up 14% year-on-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 both the prospects for the current financial year and the continued long term success and development of the business," Cranswick said in a statement.
By Sam Unsted; [email protected]; @SamUAtAlliance
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