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NEWS: GLISTEN SPARKLES WITH 21% PROFITS PEP (Source: The Grocer)  


Natural snacks group Glisten has unveiled a 21% rise in operating profits for the year to 30 June to ?8m.

Sales were up by 26% over the 12-month period to a new mark of ?73.8m, buoyed by almost ?12m by the acquisitions of nuts business Dormen and snacks group Snacks Unlimited.

"We have progressively driven our business towards those areas of snacking which we believe have long-term potential - including specifically the healthier and premium sectors," said chief executive Paul Simmonds.

"We do recognise that some consumers' buying habits will adjust during the next financial year but our focus on producing affordable treats, many with a healthier dimension, will underpin our continued ambitions for Glisten as these sectors tend to hold up well during more demanding economic conditions. We remain determined to ensure that our business continues to be the most efficient as well as the most dynamic in our sector."

 
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