Pork specialist Cranswick has announced a 5% hike in profits for the past six months, thanks to surging sales of sandwiches and bacon.
The Yorkshire company, which supplies meat for Sainsbury’s Taste the Difference range, yesterday said profits for the six months to the end of September had risen 5% to £18.5m.
Sales increased by 9% to just over £321m, with the company reporting rises in like-for-like sales of 24% for both sandwiches and bacon.
The company also said it was confident that inflation had peaked.
The performance – which chairman Martin Davey labelled “extremely encouraging” – comes despite the company warning in May that prices rises on raw materials were putting extra pressure on its margins.