Meaty revenues for Cranswick

THE integration of a Hull acquisition has meant that revenues are 10% ahead of last year, said fresh meats and produce supplier Cranswick.

The listed company posted revenues of £529m for the half year to 30 September 2015.

Pretax profits rose to £25.8m, up from £24.6m in 2014.

During the period, £13.4m was invested projects including the redevelopment of the Kingston Foods cooked meats facility, and the Benson Park project.

Cooked poultry company Benson Park, based in Hull, was acquired in October 2014.

Recent health scares surrounding processed meats have done little to dent the company’s sales, with sausage sales up 5% and bacon sales 21% ahead of the same period last year.

Martin Davey, Cranswick’s chairman commented: “The business performed strongly during the first half of the year and recorded revenue slightly ahead of the Board’s original expectations.

“With experienced management at all levels of the Group, a strong range of products, a well invested asset base and a robust financial position, the Board remains confident in the continued long term success and development of the business.”

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