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Exports push up Cranswick’s profits

Strong export sales helped pig and poultry processor Cranswick increase sales by 16 per cent to £1.66 billion and profits by 14 per cent to £105 million in the year to the end of March.

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Exports push up Cranswick’s profits

Export revenue for the company was up 92 per cent, with sales to East Asian markets (including China) more than doubling.

 

Despite the Covid-19 and Brexit uncertainty, the new financial year has started off strongly, reported chief executive Adam Couch.

 

With meat processing plants emerging as potential virus hotspots, Cranswick has had to invest in protective equipment and systems for its processing staff, who were also awarded a £500 bonus in April.

 

The last financial year has seen a record £101 million invested by the company including the acquisition of farming operations Packington Pork and White Rose farms and processor Katsouris Brothers.


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