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Food company focuses ahead after positive reaction to the past year


By Staff Reporter

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An animal food firm says all areas of its business reacted well to the pandemic.

Harbro has a mill in Inverness.
Harbro has a mill in Inverness.

The Harbro Group acknowledged immediate concern and uncertainty about what the impact of the health crisis would be.

It made its comments in its accounts for the year ended June 30, 2020 – a period when it experienced a dip in turnover and a rise in pre-tax profit.

The company, which has its headquarters in Turriff, is involved in the manufacture and supply of animal feedstuff and associated agricultural products and services.

A strategic report accompanying the firm’s latest accounts outlined that turnover fell from £118,568,000 in 2019 to £115,193,000 last year. For the same period, the company’s pre-tax

profit increased from £1,692,000 up to £2,989,000.

The report said: “A reduction in sales compared to 2019 was expected as we saw lower raw material prices for a large part of the year, a quieter winter period and Covid uncertainty – this being partially offset with growth across a couple of revenue stream sectors.”

The average number of employees dropped from 523 in 2019 to 483 last year, while staff costs fell from £17,152,000 to £16,536,000.

The report added: “The board of directors has defined strategies across all revenue streams with a clear direction to focussing on core activities.”


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