Cran­swick fly­ing

Daily Mail - - City & Finance -

SHARES in pork pro­ducer Cran­swick jumped nearly 6pc af­ter it re­ported a boost in sales.

The sausage and ba­con sup­plier said its rev­enues rose to £529.1m in the six months to Septem­ber 30, up from £481.5m on the same pe­riod last year.

Sales to the Far East were par­tic­u­larly strong, ris­ing 17pc, with nearly 1,000 tons of Cran­swick’s prod­ucts shipped there each week – more than half of all Bri­tish pig meat ex­ports. But fresh pork sales in the UK fell 10pc year-on-year. Ad­justed prof­its be­fore tax in­creased 22pc to £31.5m.

Shares closed 97p up at 1797p.

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