Scotland’s second largest private company, Grampian Country Foods, revealed that it turned loss into profit for the financial year to May 2001, with financial results reaching £15.3m (US$22.45m) from last year’s £3.8m loss after the firm cut 540 jobs at Marshall’s chicken processing plant.
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The Aberdeen-based supermarket meat supplier posted a 7% increase in full year turnover of £851m, and pre-exceptional and pre-tax profits almost quadrupled.
Company chairman and majority shareholder Fred Duncan saw his salary leap from £243,000 to £1m.
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- Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
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Free Report
What’s the forecast for the food and grocery industry?
- Market drivers and inhibitors
- Five-year forecasts and the impact of COVID-19
- The performance of the online channel versus offline
- Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
You will receive an email shortly. Please check your inbox to download the Report.
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