Swallowfield announces improved full year results
Full service provider sees revenue jump 6.8%
Contract manufacturer and full service provider Swallowfield has announced a 6.8% increase in year on year revenue from £49.1m to £52.4m. Pre-tax profit was put at £1.18m, compared to £1.31m in 2009, while the company has recommended a final dividend of 4.1p per share.
The company’s international operations were highlighted as key drivers of growth with its businesses in China, the Czech Republic and the newly opened New York office all contributing to sales growth.
“Swallowfield has performed robustly against an exceptionally tough background of customer uncertainty and rising input costs resulting in a difficult market,” commented Swallowfield ceo, Ian Mackinnon. “We have continued to drive organic revenue by providing customers with high levels of quality, service and innovation.”
