Falling pork sales hit Cranswick revenue
By Aidan Fortune, Food Manufacture (UK)
Processor Cranswick has reported a drop in revenue for the third quarter of the year due to falling pork sales.
In the three months to 31 December 2018, revenue dropped 2% year-on-year due to lower sales in pork categories. This dip was lessened by growing sales in poultry and continental products over the period. Its net debt also increased during the quarter and ended the period in line with the same period of the previous year.
It reported that the construction of its new poultry processing facility in Eye, Suffolk, is continuing to plan, with the exterior building works nearing completion and commissioning anticipated towards the end of the next financial year.
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