Dunbia, the Northern Ireland-based meat processor, reported a 5% decline in turnover to £787.5m (€906m) for its financial year to the end of March 2016. The decline in turnover was mainly a result of falling livestock prices through the 2015/2016 year.
Despite the drop in sales, pre-tax profits at Dunbia increased 9% to just under £7.2m (€8.2m). Operating profits for the meat processor saw a 3% increase to £9.2m (€10.6m) as margins widened slightly to a slender 1.17%.
Management at Dunbia attributed the wider profit margins to improvements in productivity.
ADVERTISEMENT
Loans and other borrowings in the business were also reduced in 2016 – down from £92m (€106m) in 2015 to £65m (€75m) in 2016.
Set up in 1976 by brothers Jim and Jack Dobson, Dunbia employs almost 3,800 people over 13 sites in the UK and Ireland and trades in over 36 countries. It slaughters and processes around 350,000 cattle across the UK and Ireland. It also processes up to one million lambs.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Dunbia, the Northern Ireland-based meat processor, reported a 5% decline in turnover to £787.5m (€906m) for its financial year to the end of March 2016. The decline in turnover was mainly a result of falling livestock prices through the 2015/2016 year.
Despite the drop in sales, pre-tax profits at Dunbia increased 9% to just under £7.2m (€8.2m). Operating profits for the meat processor saw a 3% increase to £9.2m (€10.6m) as margins widened slightly to a slender 1.17%.
Management at Dunbia attributed the wider profit margins to improvements in productivity.
Loans and other borrowings in the business were also reduced in 2016 – down from £92m (€106m) in 2015 to £65m (€75m) in 2016.
Set up in 1976 by brothers Jim and Jack Dobson, Dunbia employs almost 3,800 people over 13 sites in the UK and Ireland and trades in over 36 countries. It slaughters and processes around 350,000 cattle across the UK and Ireland. It also processes up to one million lambs.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS