Convenience food group Greencore has reported 6% growth in adjusted earnings per share for the full financial year to 16 pence.

The Irish based, London listed group is proposing a dividend per share of 6.2 pence, up from from just over 5.5 pence last year.

The group, which is the biggest pre-packed sandwich maker in the UK, reported a 3.5% reduction in annual revenue to £1.446 billion.

When continuing operations are accounted for, it represented a 2.6% increase in revenue.

Adjusted operating profit was almost 1% higher at £105.5 million.

"Over the past twelve months we have fundamentally reset our business, anchored by a clear strategy to drive shareholder value by expanding our category and channel capabilities within the diverse, growing and attractive UK food to go market," Patrick Coveney, CEO of Greencore said. 

"The evidence of this can be seen in the launch of multiple commercial and innovation projects with key customers, and in the recent acquisition of Freshtime. As a result of this reset strategy, we anticipate another year of profitable growth in (full year) 2020."

Greencore completed the acquisition of convenience food maker Freshtime in September of this year for just under €62 million.

It extended the group's presence in the food-to-go salads and chilled snacking market in the UK.

The acquisition followed the group's exit from the US market when it sold its operations to Hearthside Food Solutions for in excess of $1 billion.

Greencore reported net debt of £288.5m at year end, a reduction of £213m since the end of the previous year.

The company said it anticipates a profitable year of growth during the 2020 fiscal year and is aiming for mid-single-digit organic revenue growth as well as high single-digit earnings per share growth.