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Maelor Foods grows annual turnover 24.5%, but profits decline

Chloe RyanBy Chloe RyanAugust 1, 20221 Min Read
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Maelor Foods has increased turnover by 24.5% to £118.8 million in its latest annual results, covering the year ending 31 July 2021.

However, pre tax profit for the poultry processor was £4,7 million, down from £5.7 million a year ago.

The directors said performance was in line with expectations and they expected turnover to continue growing in the current financial year. The company has invested heavily in the past year in new state of the art equipment at its processing plant near Wrexham.

Maelor Foods said it had worked with its customers to become more efficient, and over the past year had reduced packaging use by 60% by adopting an innovative way of wrapping its products. It also said it was planning to replace its fossil fuel powered commercial cars with electric vehicles, to become more environmentally friendly.

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Chloe Ryan

Editor of Poultry Business, Chloe has spent the past decade writing about the food industry from farming, through manufacturing, retail and foodservice. When not working, dog walking and reading biographies are her favourite hobbies.

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