Food producer Moy Park enjoys rise in profits and sales

The Moy Park factory in Wisbech. ENGANL00120131102125538

The Moy Park factory in Wisbech. ENGANL00120131102125538

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Leading food producer Moy Park has released figures showing growing profits and sales.

The firm, which has premises in Peterborough, Wisbech and Huntingdon, says revenues for the year increased by 10 per cent to £1.2billion and profit before tax rose to £33.8million.

Moy Park chief executive, Janet McCollum, said: “The business, which employs 11,500 people, delivered a strong financial performance in 2013 in what were challenging trading conditions and against a backdrop of high commodity input costs.

“The company’s performance reflected the great efforts and contribution of the team in expanding sales and controlling costs while investing for future growth.

“The demand for locally sourced poultry from supermarkets has increased. This, together with underlying market growth reflecting the popularity of poultry meat amongst consumers, has enabled Moy Park to increase fresh poultry and convenience foods sales through successfully growing with both existing and new customers.”