NEW accounts have revealed that carpet giant Brintons has seen profits soar – just days after announcing plans to cut its Kidderminster workforce by 65.

The figures showed that the company’s revenues had reached £76.8m in the year to September 26 2015 compared with £68.2m 12 months earlier.

Brintons also saw its operating profit increase to £5.8m in 2015 from a loss of £2.6m while its pre-tax profit stood at £998,000 – a huge improvement from the pre-tax loss of £6.3m, which included one-off costs of £3.7m spent on a restructure.

The accounts also showed that earnings before interest, tax, depreciation and amortisation (EBITDA) for the year before exceptional items have risen by £3.9m to £7.9m, although this includes £594,000 from the sale of land.

Last week, Brintons announced that it would be reducing the number of employees at its Kidderminster base by 65 – a decision being taken as the company looks to remain "competitive" in the market and safeguard its existing operation.

The company said it would be seeking as many voluntary redundancies as possible while offering some staff jobs at its Telford plant.

Duccio Baldi, Brintons chief executive said: "The strong EBITDA performance was a combination of revenue growth and a reduction in our manufacturing costs and overhead base.

"Key to this was our successful drive to utilise capacity from our lower cost overseas manufacturing plants, as well as reduction our central cost base by devolving key management functions to the regions.

"The business has had to take some difficult decisions in recent times to safeguard Brintons’ long-term future but our latest results show that our global strategy is the right one."

Mr Baldi added the company had made a “positive” start to the 2015/16, although it would continue to keep costs down.