Cranswick share price rises on 30pc boost to revenue

cranswick

Shares in meat producer Cranswick (LON:CWK) rose nearly 4 percent on Monday, after reporting a 30 percent boost in revenue during the second quarter of the year.

Revenue in the three months to 30 June 2017 was 27 percent ahead of the same period last year, with like-for-like revenue growing by 21 percent due to strong domestic volume growth.

Cranswick, a FTSE 250 company which processes and supplies fresh pork, sausage, bacon, cooked meats and poultry, said their results for the year to 31 March 2017 showed revenue from continuing operations of £1,245 million and profit before tax on the same basis of £77.5 million.

The company’s board is confident about the outlook for the current financial year, which remains unchanged, and the continued long-term success and development of the business.

Advertisement

Shares in Cranswick are currently trading up 3.55 percent at 2,944.00 (1259GMT).