Newry sandwich firm Around Noon has reported a sales increase of 16% to £16.6m in its latest accounts.
But the company, which also owns Sweet Things Bakery, saw its pre-tax profits fall by almost 19% to £359,557.
Around Noon has been in operation since 1989 and has had significant growth within recent years. It currently employs 235 people and is headed by chief executive Gareth Chambers.
In December last year Around Noon signed a £5m contract to supply its convenience food range to Topaz forecourts throughout Ireland.
It also acquired London-based company Chef-in-a-Box in September after receiving a £750,000 Growth Loan Fund.
At the time Mr Chambers said the deal gave the firm the "presence and infrastructure required to have a significant impact in the UK market".
Around Noon manufactures upwards of 60,000 products per day across more than 20 brands, including hand-made sandwiches, wraps, salads, snacks, bakery items and natural juices.
It's strategic report was filed just as the firm picked up two national awards in London for new product development.
Around Noon won two awards in the Sammies 2018 - the British Sandwich and Food-to-Go Association Awards.
The company won New Sandwich of the Year category, defeating competition from supermarket retailers including Waitrose and The Co-Op. It also collected the category award for New Sandwich of the Year - Hot and the overall New Sandwich of the Year award 2018.
These add to the three Sammies that Around Noon won in 2017.
Gareth Chambers, chief executive of Around Noon, said: "We want to position Around Noon as the UK and Ireland's leading food-to-go manufacturer and to lead the way in innovation and new product development in the industry.
"We're delighted to have one of our new products, the Breakfast Toast sandwich, recognised at The Sammies. This is just one of several new products we have brought to market in the past year with more exciting developments in the pipeline.
"The past year has been a very strong one for Around Noon, winning five Sammies, being named in the Sunday Times Fast-track 100 and acquiring a London-based business. We're focused on growing our customer-base and manufacturing output across the UK and Ireland and are continuing to add new significant companies and brands to our existing customer-base.
"National awards like The Sammies are an important part of communicating to new and prospective customers the level of innovation and quality we want Around Noon to be synonymous with," he added.
In April, Around Noon's CEO Gareth Chambers won the Young Business Person of the Year award at the Belfast Telegraph Business Awards, in partnership with Ulster Bank.
The 33-year-old was also recently announced as one of five NI-based entrepreneurs shortlisted for the 2018 EY Entrepreneur of the Year Ireland awards, now in their 21st year.