Aga boosts profit through efficiency gains
Operational process efficiencies helped boost results for the upmarket cookers group Aga despite the housing market remaining quiet in 2010.
Announcing a rise in annual pre-tax profits to £19.9m, the firm said there were "closely identified projects within the manufacturing, distribution and service support areas of the business that will bring further benefits".
Commenting on the outcome chief executive William McGrath said: "Our two core brands, Rangemaster and the classic Aga, put in strong performances and were key to the near 6% revenue increase we saw during 2010. We expect similar trend lines in 2011 inspite of the clouds over consumer markets.
McGrath added: "Strong finances, good operational gearing and investment in new products were the themes of 2010 which will bring clear cut progress in 2011."
Revenue for the year increased to £259m from £245m in 2009. Pre-tax profits stood at £500,000 in 2009.
