UK’s Moy Park reports strong 2013
Revenues, profits higher for Ireland's leading poultry brand
Moy Park has announced results for 2013 showing increased profits and strong growth in sales. Revenues for the year increased by 10 percent to GBP1.2 billion (US$2.03 billion) and profit before tax rose to GBP33.8 million.
Moy Park chief executive Janet McCollum said: “The business delivered a strong financial performance in 2013 in what were challenging economic and trading conditions and against a backdrop of high commodity input costs.
“We achieved strong growth across both retail and foodservice channels in the U.K., Ireland and continental Europe. We were also very pleased that our own Moy Park brand gained further market penetration in Ireland. Moy Park is now Ireland’s leading poultry brand and is purchased by over 50 percent of households.”
Moy Park, headquartered in Northern Ireland, is the European division of Marfrig Global Foods, and specializes in locally farmed poultry and complementary convenience foods.