HIGHLIGHTS of our half year:
· Revenues for the six months increased by 27% to £51.8 million (H1 2016: £40.9 million)
· Operating profit increased by 59% to £5.9m (H1 2016: £3.7m)
· Adjusted* profit before tax rose by 63% to £5.5m (H1 2016: £3.4m)
· Adjusted* basic earnings per share increased by 63% to 7.69p (H1 2016: 4.72p)
· Interim dividend per share raised by 7% to 1.45p (2016 interim dividend: 1.35p)
· All key product categories performing well
· Group's strategic focus on innovative citrus, tea and sugar reduction categories proving to be key growth drivers
Commenting on the results, Group CEO, Daemmon Reeve, said:
“These are a great set of half year numbers for which our staff deserve huge credit. The quality and frequency of new business wins is gaining good momentum, and through the dedication and skill of our colleagues we are on course to meet our 2020 targets some three years ahead of schedule. With the investments planned in the UK and the US we will be able to build on these successes as we look towards the next exciting steps of our journey.”