Cranswick first quarter trading in line with expectations, as sales rise

Food producer Cranswick reported an increase in revenue and underlying sales in the first quarter, as trading was in line expectations

In a short statement released on Monday, the group said revenue in the quarter to the end of June rose 8% year-on-year, as volume grew strongly across the company’s divisions.

Underlying sales were 4% higher than in the corresponding period in 2014, while export sales to the Far East jumped 14%.

Cranswick added it remained confident in both the prospects for the current financial year and the continued long term success and development of the business.

Cranswick shares were flat at 1,600.00p at 0836 BST on Monday.