Frozen vegetable processor Dundee Cold Stores saw pe-tax profits almost treble to £1.74 million last year.
The Gourdie Industrial Estate-based firm, which is operated as a joint venture by WP Bruce Ltd and East Coast Viners, processes more than 20,000 tonnes of peas and beans each year, the equivalent of more than 12% of the United Kingdom harvest.
New accounts posted at Companies House show the firm saw turnover rise by £1.44m to £6.1m in the year to December 31, with pre-tax profits increasing from £627,077 in 2012 to £1.74m.
The firm had an average of 46 staff, 44 of whom were dedicated to the production process.
In his report on behalf of the board, director Bill Bruce said the firm had continued to invest in its facilities and had expanded its operations last year to include the cold storage of fish during the off season.
“Although recent economic conditions have been difficult, we have continued to invest in our processing and storage plants in order to increase capacity and try to ensure the long-term growth of our business.
“We will continue to strive to increase capacity, improve efficiency of our processes and aim to further utilise our storage facilities outwith the vegetable season,” he said.
“As for many businesses of our size, the business environment in which we operate continues to be challenging,” he added.