Hull-headquartered food giant Cranswick has delivered another year of huge growth, with revenues up more than 15 per cent to £2.3 billion.
Investment in the meat producer’s home city saw a £32 million prepared poultry facility contribute, having been commissioned at the start of the year, with retail and food service customers served. A third contact cooking line at the cooked bacon facility has also added to capacity and capability.
Margins increased from 6.1 per cent to 6.5 per cent, with the FTSE-listed company underlining inflation recovery in the second half of the period against pressures that “continue to be well controlled”. Operating profit hit £146.5 million, up from £140.6 million in the year to March 25, 12 months on from turnover first passing the £2 billion mark.
