Thorntons back on the up again
The confectionary vendors have announced a 60% jump in annual profits due to their cost-cutting drives.
Pre-tax profits and one-off items jumped to a better-than-expected £7.5 million in the year to the end of June, from £4.7 million a year earlier. Revenue was only marginally ahead, at £222.4 million.
Since their chief executive Jonathan Hart joined the company in 2011, he's been attempting to stir the company back into life, and it looks like he's succeeding.
Two years ago shares were at 10p a pop, now they're up to dizzy heights of 109.75p, before settling on 103p
This is due to Hart helping move the brand and sales online and to supermarkets, even though 39 branches of the chain shut in the last 12 months.
The company are quite pleased, as you can imagine, and have concentrated on a Classics range as well as an Easter dude named Harry Hopalot who did wonders during the egg-and-Christ based event.
Now, if anyone wants to send us some personalised chocolate with a crude insult written on it, we won't be offended at all...