Hilton Food Group (HFG) has continued to benefit from Australia's love of meat for the 'barbie'. In December last year, the retail meat packer announced it would be working with its existing partner, supermarket giant Woolworths (au:WOW), to build a new Queensland factory, due to open in 2020. This part of the business helped volumes rise to 275,213 tonnes for the reported period, up 9 per cent at constant currencies on the previous 52-week period. This combined with favourable currency movements to push operating profit to £34.3m, up 12 per cent on the same basis.
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