Birds Eye sees post-horsegate profit uplift
Frozen food giant Birds Eye has reported a profit increase of almost 9%, to £85.4m, for the full year to 31 December 2013. Profit for 2012 stood at £78.1m in comparison.
In its latest accounts, filed at Companies House, the manufacturer reported a healthy performance last year, with revenue up 0.7% to £467,117 (2012: £463,642), as it looks to have come through the horsemeat scandal relatively unscathed, despite three of its products testing positive for horse DNA last year.
Operating profit also increased, from £73,170 in 2012, to £84,706 in 2013.
In the company’s strategic report it said no significant changes to the current business model were expected and that previous practices for new product development would continue.
Birds Eye, part of Iglo Group, manufactures a range of frozen chicken products, burgers, pies, and meat-based ready meals. Following the horsemeat scandal the firm announced a commitment to source all its beef from British and Irish farms.
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