Company benefits from food scandal

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The horsemeat scandal has helped software and IT services group Sanderson double its pre-tax profits.

The company has benefited from companies seeking systems which can provide traceability through the supply and manufacturing chain.

Sanderson, which has a base in South Yorkshire, specialises in retail and manufacturing markets.

Pre-tax profits from continuing operations rose to £800,000 on sales of £6.37 million for the six months to the end of March 2013, compared with £410,000 on sales of £6.14 million for the same period in 2013. Sanderson is increasing its interim dividend by 30 per cent from 0.5p to 0.65p.

Chairman Christopher Winn said food manufacturers have grown from being a third of Sanderson’s manufacturing business to almost half.

With an increasing number of new food companies entering the market with an emphasis on nutrition and concerns about the supply chain following the horsemeat scandal, Sanderson’s systems, which can provide traceability through the supply and manufacturing chain, are proving attractive.