Cranswick first-half revenue up 21% to £931m

Hull-based meat processing giant Cranswick Plc said on Tuesday its revenue rose 21% to £931.6 million in the six months to September 26, 2020, and adjusted profit before tax soared 30.8% to £60.7 million.

The company reported “exceptionally robust demand across all categories reflecting the current shift towards greater in-home consumption.”

Interim dividend increases 12% to 18.7p.

Cranswick CEO Adam Couch said: “I am incredibly proud of our colleagues who have performed so brilliantly in responding to the extraordinary and unparalleled challenges we currently face. 

“I would again like to thank them for their professionalism, commitment, dedication and passion.

“We have made a strong start to the year. 

“Although we remain cautious about the longer-term economic impact of COVID-19 and the continued uncertainty surrounding the ongoing Brexit negotiations, we are well positioned to address these challenges.

“Our outlook for the current year is unchanged and we have a solid platform from which to continue Cranswick’s successful long-term development.”