'Challenging' year sees lower 2019 profit at merchant Cefetra

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© Peter Devlin
Pre-tax profit at Glasgow-based grain and feed trader Cefetra fell to £229,000 in the year to December 2019, in what the company describes as a challenging trading and logistical environment.
Recently filed accounts for the company, which also operates in Ireland, show that turnover topped the £1bn mark, a slight rise from the previous year.
The 2019 pre-tax profit of £229,00 was a big fall compared with the £4.449m of the previous year.
Operating profit was £2.152m in 2019 compared with £5.879m in 2018.
During 2019, the company opened a new purpose-built store at Rosyth and traded 4.5m tonnes of grain and feed materials, up from 4.3m tonnes in 2018. It imports and exports using many UK ports and also has a Kent grain office.

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