Company update: Harbro

Scotland Harbro Group is looking good with turnover and profits rises. Increased sales and lower borrowing costs saw animal feed manufacturer, the Aberdeenshire-based Harbro Group, boost turnover and profits in the year to June 30, 2010.

Group turnover rose by UK£3 million to UK£68.1m (€80.8m) and pre-tax profits are UK£800,000 higher at UK£1.9m (€2.25m). “Unlike other sectors of industry, the economic downturn has not had a detrimental effect on sales,” said managing director, Graham Baxter.

“Our market share has increased and all companies within the group are showing strong performance. “We have benefited from reduced interest rates and the policy the board has been following to reduce borrowings.” Read more ...

This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine from Perendale Publishers.