LJ Fairburn is to embark on a major capital expenditure programme to introduce further automation in the business.
The independent egg producer and packer reported profits before tax of £1.91 million in the 12 months to 30 September 2020, up from £538,837 the year before.
Turnover during the same period was down 1% year-on-year to £91.7 million. This was due to a small drop in egg sales, the company’s annual report said.
The Lincolnshire-based business said profitability improved following changes made in the previous year “to adapt our business in the changing environment.” The company said as part of its strategy to built its business for the long term, it invested in the past year in increasing its rearing and laying capacity and further developing its packing centre.
In the coming year, the company will “undertake a substantial investment programme in all areas of the business, with particular emphasis on expanding packing centre capacity and automation.”
LJ Fairburn reports increase in annual profits as it embarks on major capital investment programme
By Chloe Ryan
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.
