Monday, July 13, 2009

Cranswick says sausages, bacon boost Q1 sales

July 13 (Reuters) - British pork supplier Cranswick Plc (CWK.L) said on Monday its first-quarter sales on a continuing basis rose 11 percent from last year and that it remained confident of its prospects for the future.

The company, which supplies fresh pork and gourmet sausages to the UK's food retail and manufacturing sectors, said its sales for the three months ended June 30, excluding revenue from the pet business sold in April, rose to 167 million pounds ($269.4 million).

Sandwich sales were lower, continuing last year's second half trend, though the signs are for a reversal of this later in the year, it said.

"Significant increases in sales were seen in sausages and bacon and growth was also seen in continental and charcuterie products, fresh pork and cooked meats," the company said in a statement.

Cranswick shares closed at 603.50 pence on Friday on the London Stock Exchange. ($1=.6200 Pound) (Reporting by Kumar Alagappan in Bangalore; Editing by Gopakumar Warrier)


No comments:

Post a Comment