Mr Chips full year profit doubles to $2 million

Vegetable processor Mr Chips Holdings has reported a profit of $2 million for the year to March 31, up 102 per cent. Revenue grew 36 per cent to $35.3 million.

During the year a long-running insurance dispute was settled out of court, contributing $230,480 to the bottom line.

A final dividend of 3.5c a share will be paid on July 30, giving a total of 5c a share for the year fully imputed.