John West Foods Avoids Covid Hit As Turnover and Profits Rise

Both sales and pre-tax profits increased at John West Foods in its most recent fiscal year, according to recently released documents.

The Liverpool-based company reported revenue of £ 171.5million for the 12-month period to December 31, 2020, up from £ 165.9million in the same period in 2019.

Its pre-tax profits also fell from £ 8.5million to £ 9.3million.

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The company was founded in 1857 and produces canned salmon and tuna, as well as mackerel, sardines, herring, brisling, anchovies and shellfish.

It is currently owned by Thai Union Group of Thailand after being acquired in 2010.

A statement signed by the board of directors said: “Revenue from continuing operations increased by 3.4% during the year, reflecting the improved product mix on slightly higher sold volumes.

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“Margins were slightly lower year over year due to higher raw material costs.

“12% of turnover was achieved in countries outside the United Kingdom (2019: 14%). During the year, the company continued its policy of launching new innovative products on the UK market.

“Directors do not expect the Covid-19 outbreak to materially affect future performance.

“Like many other fast-growing consumer goods companies, the company saw a significant increase in demand for John West branded products during the foreclosure period and the company continued to operate successfully.”

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