Linden sees surge in turnover, but profits remain static
Northern Irish meat processor Linden Foods has recorded sales of more than £300m despite “particularly challenging trading conditions”.
The company reported that in the year to 30 September 2013 it boosted turnover to £337.2m from £283.9m the year before - a £53.3m increase, which was a result of both volume and price increases. However, pre-tax profits remained around the £4.2m point.
The company has four sites across Northern Ireland and Ireland and its Dungannon headquarters expanded last year creating 179 jobs as part of a £5.6m investment in its production facilities.
Chairman Trevor Lockhart said creating new jobs was an “important part” of its long-term development. However Linden said trading conditions remained challenging after the horsemeat scandal last year and said conditions were “likely to persist” until confidence returned to the beef market.
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- 179 jobs
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- headquarters expanded last
- expanded last year
- creating 179 jobs
- year creating 179
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