Discounter Frozen Value has reported a 6% rise in profits for the year to 31 January 2013, building on its staggering 138% growth the previous year.

The retailer, which trades as Fultons Foods, grew pre-tax profits from £3.3m to £3.5m in 2012.

Frozen Value’s CEO Kevin Gunter attributed the growth in part to a £2m estate and infrastructure investment in 2012, which doubled warehouse capacity and increased the number of stores to 102.