Moy Park sales tip £1.5 bn after “unrelenting focus on cost control”

Sales at Moy Park grew 8% to £1.5 billion in the year to December 2017, according to the latest financial results recorded with Companies House.

Northern Ireland’s largest private sector business said operating profits had risen 10% during the same period, to £72.2 million, due in part to an “unrelenting focus on cost control”, the annual results states. 

Moy Park invested £40 million in new infrastructure during the year, which it said would help secure its future as one of the UK’s most advanced food manufacturing businesses. 

In September 2017, Moy Park was acquired by US firm Pilgrim’s Pride, which appointed Chris Kirke as chief executive.

The directors said the process of integrating with the new parent company was underway. “Pilgrim’s Pride is the second largest chicken producer in the world and we are very enthusiastic about the opportunities this offers the business to both continue and accelerate its journey in delivering further growth and operational efficiency.”

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