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Multi-brand kitchen manufacturing group Omega posted strong profits in the year to end December as group sales climbed 5.6 per cent to £39.9m.


The group, which operates from 315,000sqft premises at Thorne, Doncaster, sells kitchens under a variety of brands including Chippendale, English Rose, Sheraton and Mackintosh.


Underlying operating profit rose 7 per cent to £6.9m while pre-tax profits profits were even higher, reaching £8.2m (2013: £5.1m).


That was because it sold property, plant and equipment for more than £16m, releasing a £2.4m gain to its profit and loss account. Together with net cash generated from operations of £6.9m, it used the funds to repay nearly £21m in borrowings. Year end cash and equivalents totalled £4.6m (2013: £4.7m).


The balance sheet value of the Yorkshire business rose by more than £6m to £18.1m.


* all figures from the consolidated accounts of holding company Cycene Ltd