Walker Crips swings to profit

Walkers have swung to profit for the first half of the year.

Revenues were up by 9.3% and increased from £14.35m to £15.69m. Profits grew from last years loss of £374,000 to a profit of £232,000.

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“The Group reports a small profit at the half-year compared to the prior period loss, and continues to generate positive adjusted EBITDA and underlying operating cash, which enable continued support of our revenue and growth initiatives,” said Martin Wright, Chairman of the group.

“Headwinds include inflationary cost pressures and our focus continues to be on revenue growth, improving operating efficiency and cost control,” he said.

Shareholders received an interim dividend of 0.30 pence per share.

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