Pork and sausage producer Cranswick, whose shares have more than doubled over the past 12 months, hit a new high after unveiling a £16.3m (£10.9m) pre-tax profit for the year to March. Cranswick's £11.7m acquisition of meat and delicatessen supplier Continental Fine Foods in July seems to have been the key factor. Revenues rose from £192.6m to £225.6m during the period, with £24m coming from Continental. Chief executive Martin Davey will not reveal its exact contribution to Cranswick's profit line, but says: 'We will probably be paying the full performance-related deferred consideration [for the acquisition].' Back in July, Cranswick said the maximum would be £3.5m provided Continental achieved a £4.1m profit for the year to July. Meanwhile, the shares have performed so well of late that the company is planning a one-for-one bonus issue to improve liquidity. Hold.