Heinz profits rise to nearly €18m

Pre-tax profits at the main Irish-based subsidiary of US food giant Heinz increased by 17% last year to £14.6m (€17.9m).

According to accounts filed to the Companies’ Office, HJ Heinz Frozen and Chilled Foods Ltd recorded the profits rise after marginally increasing revenues from £96.3m to £97.4m in the 12 months to the end of Apr 29, 2012.

The filings show that the producer of iconic brands Heinz Ketchup and Heinz Baked Beanz increased operating profits from £11.6m to £12.2m.