Hilton Food Group climbs after strong first half
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International food packing firm Hilton Food Group (LON:HFG) boosted its revenues for the 28 weeks to 15th July by 25% to £863.6 million. Pre-tax profits also climbed by 13.9% to £21 million as the integration of Seachill in to the group proceeded successful.
Management said that the group was on track to meet full year expectations and well positioned for future growth due to new projects including the expanding fish division.
Executive Chairman Robert Watson said: “Hilton has continued to deliver on its strategies to build a significantly bigger more diversified business. 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. 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. We remain committed to growing our business through innovation and product development as well as continuing to explore opportunities to expand the business both at home and abroad.”
Shares in Hilton Food Group rose 3.83% to 976p (as of 12:25 BST).
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