Cranswick hails "strong" demand for products as profit, dividend up

(Alliance News) - Cranswick PLC on Tuesday announced a higher dividend as annual profit and revenue grew healthily, while the company is monitoring the ongoing Middle East conflict.

The Hull-based food producer said pretax profit jumped 19% to GBP215.8 million in the financial year ended March 28, from GBP181.6 million a year prior.

Revenue grew 9.5% to GBP2.98 billion from GBP2.72 billion.

Cost of sales increased 8.5% to GBP2.51 billion from GBP2.31 billion.

Chief Executive Officer Adam Couch said: "Our performance reflects the enduring strength of our customer relationships, the quality and scale of our asset base and the increasing competitive advantage of our vertically integrated supply chain. Across our core categories, demand for our products remains strong, supported by close alignment with our strategic retail partners and a consistent focus on quality, service and innovation."

He added that trading in the early part of the new financial year was in line with the board's expectations, while the conflict in the Middle East remains an evolving situation which the company is monitoring.

Cranswick proposed a final dividend of 85.5 pence per share, up 13% from 76.0p a year prior. This brings the total payout for financial 2026 to 112.5p, up 11% from 101.0p.

CEO Couch said: "Looking ahead, the strengths of the business, which include its diverse and longstanding customer base, breadth and quality of products and channels, robust financial position and industry leading infrastructure will support the further development of Cranswick in the current financial year and over the longer-term."

Cranswick shares rose 6.5% to 5,560.00 pence each on Tuesday morning in London.

By Tom Budszus, Alliance News slot editor

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