Revenues ahead for Hull’s Cranswick Magazine

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Cranswick, the Hull-headquartered food producer, has reported in a very trading update that total and like-for-like revenue were both before prior year.

Each within the Group’s categories delivered “positive volume growth”. Cranswick said the increase was underpinned by a strong performance across the Christmas sales.

Moreover, total export sales were also well ahead.

The update added that rates would reflect the downward trend in UK pig prices.

The Group continues to pay at record levels across its asset base in a bid to enhance capacity, add new capability also to further drive operating efficiencies.

Construction of their new continental products facility in Lancashire is advancing well, the viewers said, with completion slated for the first half the subsequent financial year.

It also asserted plans for your new primary poultry facility in Suffolk continue to keep develop.

Cranswick continue to be well positioned for future years. Indeed, which includes a strong product range, a well-invested asset base including a “robust financial position”, the Board stated it is positive the two prospects from the the majority of the prevailing financial year as well as the continued long-lasting success of the business.

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