Cranswick FY Pre-tax Profit Rises; Executive Chairman Martin Davey To Retire
LONDON (dpa-AFX) - Cranswick Plc. (CWK.L), the UK food producer, reported that its profit before tax for the 52 weeks ended 27 March 2021 rose to 114.8 million pounds from 104.0 million pounds in the prior year.
Profit for the year grew to 92.5 million pounds or 175.6 pence per share from 82.7 million pounds or 158.6 pence per share last year.
Annual revenue increased by 13.9 percent to 1.90 billion pounds from last year. Like-for-like revenue, which excludes the contribution from acquisitions made in the prior year, increased by 12.1 per cent, with corresponding volumes ahead by 8.7 percent.
Adjusted profit before tax was 129.7 million pounds, an increase of 26.8 per cent. Adjusted earnings per share of 199.3 pence per share were ahead by 27.4 per cent year-on-year.
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