Is Swallowfield benefitting from more 'focused' management?

For years Swallowfield, the UK private label provider, has struggled with unflattering financials. However, despite a slight dip in full year revenues, the maker of the newly-launched colour cosmetics brand Bagsy has seen pretax profits surge to £800,000 compared with £100,000 this time last year. The company has also confirmed it will pay a final dividend.