Cranswick PLC
30 September 2005
Cranswick plc ('Cranswick' or 'the Company') - first half trading statement
Trading for the company as a whole in the six months to 30 September 2005 was in
line with management's expectations.
Total sales increased by 50 per cent to £216 million compared with the same
period last year.
The food division, which benefited from the acquisition of Perkins in January
2005, saw sales increase by 55 per cent. Within this figure, sales of food
products increased by 65 per cent with fresh pork, sandwiches and charcuterie
showing particularly strong growth, whilst animal feed sales fell as anticipated
following the rationalisation of milling capacity that took place in the first
half of last year. Perkins, which has integrated well, contributed sales of £63
million. Sales were marginally ahead in the pet business during a period of
relocation of the two original pet products facilities on to one new fully
automated site.
Cashflow has been strong, enhanced by the sale of the livestock units, and
borrowings have fallen ahead of expectations.
The Company intends to announce its interim results on 22 November 2005.
Enquiries:
Cranswick plc
Martin Davey, Chairman 01482 372080 (mobile 07775 576426)
John Lindop, Finance Director 01482 372090 (mobile 07768 362592)
This information is provided by RNS
The company news service from the London Stock Exchange
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