(Alliance News) - Creightons PLC on Wednesday reported double-digit profit growth in the first half of its current financial year, helped by improved client demand.
The manufacturer of consumer goods said its pretax profit for the six months to the end of September increased by 28% to GBP1.8 million from GBP1.4 million a year earlier, as revenue grew by 6.3% to GBP23.8 million from GBP22.3 million.
Creightons said the improvement was driven by the private label division, thanks to demand from key retailers, both UK and global.
Meanwhile, the company highlighted that sales through e-commerce doubled in the period, albeit from a low base.
Creightons said it will pay an interim dividend of 0.15 pence a share, unchanged from the prior year.
"The group has continued to drive sales and profit growth in the first half of the year and the impact of the continuing growth can be seen in the results for the period ending September 30," said Chair William McIlroy.
"Although there is still uncertainty surrounding the outcome of Brexit, we do not expect the direct consequences of Brexit to have a material impact on the group," added McIlroy.
Creightons shares were trading 4.6% lower in London on Wednesday morning at 47.70p each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
Copyright 2019 Alliance News Limited. All Rights Reserved.
Creightons (CRL)