Scottish Stalwart Thomas Tunnock Ltd, the Family-Owned Manufacturer of Tea... [Derived Headline]

Summary

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SCOTTISH stalwart Thomas Tunnock Ltd, the family-owned manufacturer of tea cakes and caramel wafers, achieved a sharp rise in operating profits in its last financial year in tough market conditions.

Accounts obtained by The Herald from Companies House show that the company, run by 79-year-old Boyd Tunnock, enjoyed a 14% rise in operating profits from pound(s)655,314 to pound(s)745,471 in the year to February 28 in spite of a dip in turnover as it kept a lid on costs. A leap in exports, including sales to Australia and America, helped make up for a fall in turnover in a tough UK market- place.

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Scottish Stalwart Thomas Tunnock Ltd, the Family-Owned Manufacturer of Tea... [Derived Headline]

The underlying increase in operating profits was even more impressive given the reported 14% advance was achieved in spite of a jump in directors' remuneration from pound(s)462,071 to pou...

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