Somerset, UK-based leather producer Pittards has reported soaring profits according to its preliminary pre-tax profits, which increased to £1.7 million in the 2013 calendar year, up from £.3 million the previous year. EBITDA jumped by 80% to £2.4 million over the same period. Despite these results, revenues dipped by 3% to £35.8 million.
"I am pleased to report that the recovery noted in my interim statement, following the turbulence of 2012, continued throughout 2013," said Stephen Boyd, Pittards chairman, in a statement.