UK-based smokehouse Severn & Wye saw a significant lift in profits in its latest financial year ending March 31, 2019 compared to the year prior.
Operating profit jumped 17 percent year-on-year to £923,000 (€1.1 million/$1.2 million), but still below the £2.6 million (€3.1 million/$3.4 million) profit the company posted in 2016.
Sales remained flat in the year compared to the year prior, at just under £55 million (€64.8 million/$72.1 million).
Last year Severn &Wye's entire share capital was transferred from Richard Cook to parent company Olsa Futures Limited in exchange for share capital issued in the latter company.
