Bond.az -- Shares of British food producer Cranswick plc rose over 6% on Tuesday after it posted adjusted pretax profit of £220 million for the 52 weeks ended March 28, up 11.2% year-on-year.
Adjusted group operating profit rose 14.5% to £237 million, with margin expanding to 7.9%. Adjusted earnings per share increased 10.4% to 301.7 pence.
Revenue grew 9.5% to £2.98 billion, driven by strong poultry (13.9% rise) and gourmet products (15.3% rise). Pet products revenue surged 29.8%.
The board proposed a final dividend of 85.5 pence per share, up 11.4%. CEO Adam Couch said trading in early current financial year met expectations.
