Increased volumes and continued cost-cutting kept pork supplier Cranswick on track during the first quarter despite climbing pig prices.
Like-for-like sales for the past three months were up 6%, with overall revenues up almost a fifth (19%) to £198m.
Cranswick said the expansion of its Lazenby's sausage facility remained on course for completion by the end of the summer.
“During the period most categories delivered strong growth, reflecting higher volumes,” the company said.
“Whilst there was a reduction in sales of continental products there were substantial gains in fresh pork, bacon and sandwiches and continued growth in cooked meats and sausages.”
Last year Cranswick posted a 26% hike in pre-tax profits to £43.8m, with sales for the period to 31 March up 22% to £740m.
Buoyant Cranswick to boost its capacity (29 May 2010)
Boom in bacon and bangers push Cranswick profits up 26% (24 May 2010)