Source - SMW
Swallowfield has hiked its FY pretax profit to £2.3m, from a year-ago profit of £996,000. Revenue improved to £54.5m, from £49.4m.

It proposed final dividend of 2.3p a share, from 2.0p, in addition to the interim dividend of 0.8p already paid, to give a full year dividend of 3.1p, from 2.0p.

"It has been a busy and successful year for the Group with the continued execution of our stated strategy driving strong sales growth and profitability increasing significantly and slightly ahead of expectations," said CEO Chris How in a statement.

"Over the course of the year we have strengthened both sides of our business with an improved ability to deliver the innovation, quality and service requirements of our core business customers alongside the good progress made on our owned brands. 

"The acquisition, post year-end, of Brand Architekts, has enabled us to build on this positive momentum and accelerates our growth."

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