Northern Irish meat processor sees a rise in profits
Meat processor Dunbia, based in Dungannon, Co Tyrone, saw pre-tax profits rise by more than 40% in 2015.
The company reported pre-tax profits of more than £6.5m in the year to 29 March 2015. This is up from £4.6m the previous year.
Within the same time period, turnover for Dunbia increased to £826m, up from £796m.
In a statement released from Dunbia, it was revealed that the company will continue to focus on customer-consumer relationships: “While the group and the industry as a whole have battled fluctuating livestock prices, the group has been able to work closely with customers in retraining gross profit margin and will continue to do so.”
It was recently announced that Dunbia was intending to seek further investment for growth.
The group will now focus on product development and volume growth to expand the business further. As it stands, Dunbia is the second-largest food processor in Northern Ireland, after Moy Park, and is among the five largest local companies.
Dunbia currently exports to around 20 countries and claims to be a leading supplier of beef, lamb and pork to supermarkets across the UK and Ireland.
Close to 4,000 people are employed by the group, while it sources livestock from more than 22,000 producers across the UK and Ireland.
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