Cranswick serves up team bonus as high-finish sausage maker sees profits soar


igh-finish sausages maker Cranswick nowadays strike 31 decades of non-quit dividend development as it claimed soaring gains and introduced a new £400 “thank you” reward for personnel.

The firm, which creates pork and poultry, observed modified pre-tax earnings up 26.8% to £129.7million for the year to March 27, on revenues up practically 14% on the prior year to practically £1.9 billion. It is issuing a total 12 months dividend of 70p, an boost of 16%.

Cranswick stated it saw “extremely strong demand” throughout all categories, and place the revenue surge down in element to “strong need” in Asia fuelled by a resurgence in African Swine Fever in China.

The firm highlighted its retention of the prime global Business Benchmark on Farm Animal Welfare (BBFAW) mark, and claimed it has managed the Brexit changeover properly and “with minimum disruption”.

Main executive, Adam Couch, explained: “We have sent potent progress and made further more strategic progress in a 12 months of unparalleled problem and complexity.

“We have produced a pretty positive get started to the new financial yr and, while there is even now a diploma of uncertainty about how the potential will unfold, I am assured that the strengths of our business…will help the additional improvement of Cranswick in the existing monetary yr and above the for a longer period expression.”

Shares had been up 3.3%, or 124p, to 3838p, this early morning.