Thorntons Posts Rise In FY14 Profit

Thorntons PLC THTPF reported a 39% gain in its fiscal 2014 pretax profit. Thorntons posted a pretax profit of 5.96 million pounds ($9.61 million) for the year, versus GBP4.29 million, in the year-earlier period. On an after-tax basis, the company's profit jumped to 5.27 million pounds, versus 3.08 million pounds. Its earnings per share jumped to 7.1 pence versus 4.3 pence. Its revenue gained to GBP222.4 million compared to GBP221.1 million. Thorntons' profit, before tax and exceptional items, jumped 60% to GBP7.5 million in the period. EBIT margin widened to 4.5% from 3.4%.