Hull's Cranswick foods takes home the bacon
Hull’s Cranswick foods, manufacturers of pork products, have reported over £60 million increase in revenue on last year.
This 15% rise comes in the midst of concern over high meat prices that could have adversely affected sales.
Cranswick’s Chairman, Martin Davey, said: “The first half of the year has overall been quite a positive period for the Company.”
“Continued growth in sales, significant investment in the asset base, most notably the commissioning of the new pastry facility, along with the strategic development of the Company’s pig breeding and rearing activities were all positive features of the six months trading. The increase in sales is especially encouraging.”
“The pastry business is making progress and the impact of higher pig prices has been partially mitigated by on-going efficiency improvements, sales volume growth, acquisitions and through constructive discussions with customers.
“The Board anticipates that the full year performance will be in line with its 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.”