Skea Egg Farms has reported a significant increase in sales and profits in its latest annual report covering the year ending 31 December 2022.
Turnover was £101.5 million during the period, up from £69.6 million the previous year. The company reported a profit of £2.5 million, up from £964,000 the year before.
Northern Ireland based Skea Egg Farms is family-owned company that grades, packs and supplies eggs to major retailers across Northern Ireland and mainland Great Britain. In April 2022, the company was acquired by the Ready Egg Group.
The directors said they were satisfied with the performance of the company, especially given the “many difficulties” in the egg industry over the past year. New contract wins in the latter part of 2022 will lead to increased revenues in 2023, the company added.