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Hilton Food profit up 14% as sales volumes rise

By BFN News | 08:04 AM | Tuesday 11 September, 2018

Food packing group Hilton Food booked a 14% rise in first-half profit following the first full inclusion of the Seachill business, recovery of the business in Central Europe and further strategic progress in Australia. For the 28 weeks ended 15 July, reported profit before tax rose 13.9% to £21.4m, group revenues rose 25.0% to £863.6m and volumes rose 12.7%. The interim dividend was increased from 5.0p to 5.6p, up 12.0% on last year. The company said it expected results for the full year would be in line with the board's expectations. 'We achieved strong volume and profit growth during the period including the integration of Seachill and the launch of a fresh food offering in Central Europe,'said Executive Chairman Robert Watson OBE. 'We have further extended our geographical reach in Australia where we commenced production and took operational control of two existing facilities whilst constructing a further facility and designing a new facility in New Zealand, which further extends our geographical reach'. At 8:04am: (LON:HFG) Hilton Food Group PLC share price was +19p at 959p Story provided by

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