Cranswick reports continued growth

20 November, 2006

Food producer Cranswick plc has shown an increased turnover of 14% at £248m, in the six months leading to 30 September 2006.

Announcing its un-audited interim results for the six months ending 30 September 2006, food producer Cranswick plc, has shown an increased turnover of 14% at £248m, compared to £217m in 2005.

Other highlights of the report showed:

? Profit before tax was up 13% at £15.5m (2005: £13.6m)

? Earnings per share rose 12 % to 24.2p per share (2005: 21.6p)

? Interim dividend of 5.9p per share (2005: 5.4p) - a rise of 9 %/

Cranswick chairman, Martin Davey, commented: "It is pleasing to be reporting continued growth at Cranswick in the six months to September. Record sales and profits were achieved and cash generation was particularly encouraging.

"The business is positioned in a number of premium categories which are showing strong growth and this coupled with increased market share is driving sales.

The results follow the recent acquisition of DeliCo, a producer of pre-packed cooked meats, which the company believes will help it both develop its customer base and enable it to achieve record growth.

"The Company has talented operational management teams, is well positioned in a number of growth markets and has capacity available in most production facilities to meet the anticipated increase in activity," added Davey. "The Board looks with optimism at the ongoing development of Cranswick."

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