The focus is on new facilities in Belgium and New Zealand as well as the fish and vegetarian categories

Hilton Food Group PLC () raised the interim dividend by 17% to 7p per share after a strong performance driven by COVID-19.

The food group has been dealing with higher demand during the pandemic with people increasing consumption at home.

READ: Hilton Food keeps churning out the meat, and the dividends

Executive chairman Robert Watson said full-year results are expected to be in line with expectations.

Hilton Foods, which now packs all of Tesco’s red meat, continues to focus on new facilities in Belgium and New Zealand as well as the fish and vegetarian categories to ensure future growth.

In the 28 weeks to July 12, revenue jumped 39% to £1.2bn for profit before tax up 21% to £24mln. Net debt increased 26% to £131mln.

Hilton Food Group PLC beefs up dividend as it invests in future growth

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