Mackie’s of Scotland has reported a profit before tax of £1.7m, 59% down on the record high of £4.1m last year, with profits forecast to fall further in light of steep cost increases.
The Aberdeenshire-based ice cream maker also posted revenue of £17.7m for the year ending 31 May 2022, with revenue since rebounding due to strong sales and levels of turnover rivalling previous records.
Record increases in the cost of ingredients, haulage, feed and fertiliser have combined to make the outlook a "challenging and unpredictable" one, according to a statement.