StockMarketWire.com - Cranswick said revenue grew just 1.5% in the first quarter year-on-year despite rising exports to the Far East amid increased demand from China following the outbreak of African Swine Fever in the region.

The group also announced that it had acquired Katsouris Brothers, a supplier of Continental and Mediterranean food products.

'This acquisition strengthens our existing continental products business and broadens our offering in a number of fast-growing, plant based, non-meat product categories,' the company said.

Looking ahead, the company said that the outlook for the underlying business in the current financial year remained in line with management's expectations with the enlarged group expected to benefit from the acquisition of Katsouris Brothers.

The company's next scheduled comment on trading would be the interim results announcement for the six months ending 30 September 2019, on 26 November 2019.






At 8:44am: [LON:CWK] Cranswick PLC share price was +80p at 2656p



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