Frozen food retailer Iceland has reported impressive results for the 52 weeks to March 25th 2011, with net profit before tax up 14.8% year-on-year to £155.5 million.
The group, which is currently the subject of a £1.6 billion takeover battle between many of the UK’s largest grocers, saw like-for-like trading rise 2.1% compared to the previous 12-month period.
Over the course of the year Iceland opened 20 new stores, creating 1,500 jobs. This brings the retailer's portfolio to 796 outlets, including those under the Cooltrader brand. There are plans to open another 15 this financial year.