Dunbia profits soar by 40pc
Published 06/01/2016 | 02:30
Northern Ireland meat giant Dunbia has boosted its profits by more than 40pc, with turnover shooting up to £826m (€1,124m) for the year.
The latest results for the Dungannon-headquartered firm come after it was revealed last month that the meat company could be sold as it dipped its toe in the water for buyers.
A teaser document has been prepared, due to be sent out to businesses who may have an interest in snapping it up.
Pre-tax profits at the beef, lamb and pork processor rose to more than £6.5m (€8.8m), in the year to March 29, 2015.
That's up from £4.6m (€6.2m) a year earlier, and an increase of around 8pc. Dunbia's turnover also increased from £769m (€1,046m) to £826m (€1,124m).
It says it's now focusing on "product development and volume growth" in order to expand its business. The company, which has around a dozen sites across the UK and Ireland, was established almost 40 years ago by brothers Jim and Jack Dobson, who still manage day-to-day operations.
In the strategic report included in its latest accounts, Dunbia said the "financial position of the group at the end of the of the financial period was considered to be satisfactory".
It said its future strategy "will continue to be that of product development and volume growth".