Full-year pretax profit of the British pork supplier, Cranswick Plc. surged 8% this year ended on March 31. The profits of the company rose from 43.8 million pounds last year to 47.1 million pounds. Following the rise in profit, the company raised its final dividend by 10%, from 18.7 pence to a total 27.5 pence.

Net income of the company increased to 35.3 million pounds from 32.6 million pounds or 69.8 pence a share, last year.

The company said that increase in profit was a result of sale of its sausages and bacons even during the financial crisis. Chairman of Cranswick Plc. Martin Davey said that the company is likely to face a tough year ahead due to the rise in raw material prices and competition in the market.

The shares of the company have lost 10% of their value since the beginning of 2011, were closed at 766.5 pence on Friday on the London Stock Exchange. The company was valued at 365 million pounds.

Cranswick Plc. has appointed Adam Couch, Managing Director of its fresh pork business, as its Chief Operating Officer.