The owner of Baxters Food Group has seen sales jump on the back of its integration of US catering business Wornick.
WA Baxter & Sons (Holdings) boosted turnover by 40 per cent to £226 million in the year to last May as core earnings rose to £20.2m, up from £15.5m the previous year.
The Fochabers-based firm also took exceptional one-off charges of £5.5m.
Audrey Baxter, executive chair and chief executive, said: “As intimated last year, the acquisition of Wornick into the Baxters family has made a transformational change to the scale of our business.
“While our 2015 results reflect the costs of such a significant acquisition, I am pleased to confirm that our projections for the current year’s trading will demonstrate the significant synergies we have made across our global operations.”