Greenfield Foods, the Co Monaghan-based egg packing company, saw its profits fall last year due to higher chicken feed and packaging costs. Accounts filed for Greenfield Foods show the family-owned business made operating profits of just over €2.1m last year, which was down 41% on the previous year.
Greenfield reported annual sales of €45.1m for 2019
Operating profit margins in the business narrowed from a robust 8.1% in 2018 to 4.7% last year, which is still very healthy. The company blamed the fall in profits on higher chicken feed prices, a rise in packaging costs and increased labour costs.
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Greenfield reported annual sales of €45.1m for 2019, which was up 3% on the previous year. The company said the growth in sales was driven by increased sales volumes of eggs, which more than offset weaker egg prices in 2019.
Employing almost 100 people at its Smithboro grading plant, Greenfield Foods is the largest egg-packing company in Ireland, distributing 7m eggs every week. The company supplies eggs into the retail, food service and wholesale markets and is also the sole supplier of eggs to McDonald’s in Ireland.
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Greenfield Foods, the Co Monaghan-based egg packing company, saw its profits fall last year due to higher chicken feed and packaging costs. Accounts filed for Greenfield Foods show the family-owned business made operating profits of just over €2.1m last year, which was down 41% on the previous year.
Greenfield reported annual sales of €45.1m for 2019
Operating profit margins in the business narrowed from a robust 8.1% in 2018 to 4.7% last year, which is still very healthy. The company blamed the fall in profits on higher chicken feed prices, a rise in packaging costs and increased labour costs.
Greenfield reported annual sales of €45.1m for 2019, which was up 3% on the previous year. The company said the growth in sales was driven by increased sales volumes of eggs, which more than offset weaker egg prices in 2019.
Employing almost 100 people at its Smithboro grading plant, Greenfield Foods is the largest egg-packing company in Ireland, distributing 7m eggs every week. The company supplies eggs into the retail, food service and wholesale markets and is also the sole supplier of eggs to McDonald’s in Ireland.
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