StockMarketWire.com - Creightons said first-half profit increased by nearly a third driven by growth in its private label division amid higher demand.
For the six months ended 30 September 2019, pre-tax profit increased by 28.0% to £1.77m on-year and revenue increased 6.3% to £23.7m.
The increase in revenue was driven mainly by the private label division thanks to the 'current demands and agendas by key retailers, UK and global, to have differentiation in their product offers,' the company said.
Gross margin increased to 42.0% from 38.3% as the Creightons raised prices and sourced cheaper suppliers.
The interim dividend was unchanged at 0.15p a share. At 10:15am: [LON:CRL] Creightons PLC share price was -2.5p at 47.5p
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