Moy Park reports strong 2012 performance
Published:  03 May, 2013

Poultry processor Moy Park has announced profits before tax of £24.4m in 2012, up from £4.8m the previous year.

The company also grew its turnover by 1.6% to £1.09bn, despite the current difficult economic and trading environment.

CEO of Moy Park Nigel Dunlop said: “The improvement in pre tax profit and trading margins was achieved by a combination of initiatives including operating cost improvements and productivity initiatives which helped shield the business from the difficult market environment.”

Dunlop confirmed that Moy Park will continue to invest materially in its farming and operational base.

“We will also continue to further develop our commercial capabilities through areas such as innovative food development, consumer insight and effective customer and category marketing. We have been particularly pleased with the progress made with the Moy Park brand in Ireland where it is market leader,” he said.

The company recently announced that it is due to take responsibility for its parent company Marfrig’s European operations, with regards to both leadership and management.

Dunlop added that Moy Park remains “conscious of feed cost volatility” and the challenges it poses, but said he was “pleased with the trading progress to date”.




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