Auction Finder
21 Aug 2018
LAMMA 2021
25 May 2021
Meadow Foods continues to ‘perform well’ despite dip in profits
Despite a dip in its 2020 pre-tax profits, Meadow Foods continued to ‘perform well in a challenging marketplace’.
Announcing its year-end results for March 31, 2020, the dairy reported a pre-tax profit of £24.3 million on a turnover of £429m, down £1.3m from £25.6m on a turnover of £456m in 2019.
The company also started a £4.5m investment in its factory in Peterborough, as well as the initial stages of investment into a segregated facility for plant-based ingredients at Chester, last year.
Read More
Commenting on the results, Mark Chantler, chief executive of Meadow Foods, said: “As a leading supplier of value added ingredients, we have focused on both investing in optimising our sites and diversifying our product range, most notably with the addition of plant-based ingredients to the portfolio.”
The dairy employs more than 430 people and handles in excess of 550m litres of milk from its producers each year.
Most Read
Most Recent
Will frosts knock flowering OSR?
9
6
41
New young sire options for Holstein breeders
82
98
DNA data could benefit the beef industry
46
New sheep scab project success
38
80
Young farmer dies in tragic ATV incident
2741
151Worker dies in heather burning incident
1000
New watchlist highlights rarest UK breeds
111
368
470
7237
Dorset records smashed at Ballymena
133Farmers Guardian and FarmersGuardian.com are trademarks of Farmers Guardian Ltd, a subsidiary of AgriBriefing Ltd.
All material published on FGInsight.com and FarmersGuardian.com is copyrighted © 2021 by AgriBriefing Limited. All rights reserved.
