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Trading statements

Cranswick on course

02 February 2017 07:40

Cranswick's third quarter trading was in line with the board's expectations.

The UK food producer said total and underlying revenue was well ahead of the prior year, underpinned by strong volume growth and supported, as anticipated, by a robust performance over the key Christmas trading period.

A trading statement said: "Export sales continued to grow strongly, with Far East revenues well ahead of the same quarter last year, reflecting both ongoing demand from the region and increased output from the group's two primary processing facilities.

"Input costs rose further during the period, but efficiency improvements, internal pig production and constructive pricing discussions with customers helped partially mitigate the impact."

Story provided by StockMarketWire.com

Related Company: CWK

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