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Measures to curb spread of avian flu to be relaxed
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Hereford Times Food and Farming Awards 2021 open for nominations
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Hereford Times Food and Farming Awards 2021 open for nominations
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Lincs poultry farm sold after attracting considerable interest
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By Kevin White2021-02-01T11:39:00+00:00
Source: Avara Foods
The poultry giant said poultrymeat would continue to be a ‘key staple of UK shopping baskets’ this year, despite more turbulence for the food sector
Avara Foods shrugged off the challenges of the closure of its duck business and the first coronavirus lockdown to post solid financial results for the year to 31 May 2020, its latest accounts have shown.
Despite £5.9m-worth of exceptional costs related to the closure of its Faccenda Foods (Lincs) duck business, the poultry giant saw turnover climb by 5.6% to £1.21bn, with operating profit climbing by 13.5% to £16.1m. Pre-tax profits rose by 14.3% to £15.7m.