Northern Ireland-based poultry producer Moy Park recorded profits of £24.4 million (US$38.1 million) in 2012, up from £4.8 million (US$7.5 million) in 2011.

Moy Park CEO Nigel Dunlop said: "Despite a difficult economic and trading environment, Moy Park delivered a strong trading performance in 2012. The business grew its turnover by 1.6 percent to £1.09 billion (US$1.7 billion) and has posted profits of almost £25 million (US$39 million).

"The improvement in pre-tax profit and trading margins was achieved by a combination of initiatives including operating cost improvements and productivity initiatives, which helped shield the business from the difficult market environment."

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Top Northern Irish company

In a survey of the sales performance of Northern Ireland's top 100 companies conducted by Dun and Bradstreet for Ulster Business, Moy Park topped the list for the second year running.

Dunlop commented: "To be named number one company in Ulster Business' Top 100 for the second time is a great accolade for everyone in the business. Moy Park is celebrating its 70th anniversary [in 2013], and we remain committed to growing our business both within and from Northern Ireland." 

The Moy Park Group employs over 10,500 people across 11 processing facilities across the UK and France, and it is part of the Brazilian Marfrig Group.