Turnover has grown at Carmarthenshire pet food business Cambrian Pet Foods following the expansion of its product lines.

But the Llangadog-based company, which secured backing from a US investor in May 2012, also reported a slight dip in pre-tax profit.

Cambrian Pet Foods' turnover for the year to 30 June 2012 was £16.2m, up from £13.9m in the previous year. But pre-tax profit fell from £1.9m in 2011 to £1.7m.

In the directors' report, the company said the turnover increase reflected "the continued expansion of the company's product lines" despite the challenging economic climate.

It added: "Both the level of business and the year end financial positions were considered satisfactory and the directors expect that this will be sustained in the forthcoming year."

Cambrian Pet Foods was set up by managing director David Davies in 1982 and his sons Richard and Jonathan Davies are directors and shareholders.

The business employs 80 members of staff and produces both wet and dry pet food at two facilities in Pencader and Llangadog.

In May 2012 it was acquired by Wholesale Pet Care, the share capital of which is controlled by US private equity firm Swander Pace Capital.

Post-year end, the company announced plans to invest £1.4m in a new production line to make ready meals for pets. The investment, backed by an offer of £500,000, from the Welsh Government's Economic Growth Fund, is set to create 20 new jobs.