The takeover of the Spode and Royal Worcester brands is continuing to pay off for pottery firm Portmeirion after half-year profits almost doubled.
The Stoke-on-Trent based ceramics maker’s pre-tax profits rose to £1 million for the six months to June 3,0 from £532,000 the same time a year earlier.
Revenue for the period rose to £21.1 million from £17 million before helped by its recent acquisitions – largely the two Midland-based ceramic brands,.
Chairman Dick Steele said the firm remains confident despite an expected tough climate in the second half.
He said: “This is a strong set of results, achieved despite difficult worldwide economic conditions, and demonstrates the strength of our brands.”
He added: “Last year’s acquisition of the Spode and Royal Worcester brands has accelerated our growth and we continue to invest in these brands. The performance of the first six months lays good foundations for the full year, and we are confident of the group’s prospects.”