Biscuit firm's profits rise as costs bite

Biscuit International's profits rose last year in a 'highly competitive' market

- TOM KEIGHLEY Business Reporter [e-mail]

SALES of gluten and milk-free cookies have slowed down at Tyneside manufacturer Biscuit International, but the firm has still grown profits.

Accounts for the UK arm of the French business show sales volume growth of 8% across 2024, compared to growth of 25% the year before.

The firm - which employs more than 200 people at its Team Valley factory site - saw turnover grow to £77.8m over the year, up from £72.2m.

Operating profits rose to £2.3m from £924,000. And pretax profits were up from more than £54,000 to £1.43m.

Bosses said growth had come from cross selling of products and an increase in customer prices, brought in to combat significant rises in the cost of cocoa.