McCain reports £16m drop in pre-tax profits
Frozen foods giant McCain has reported a £16m drop in pre-tax profits in a year which it said it had been impacted by potato quality issues.
For the financial year to June 2017, the Scarborough-based firm reported pre-tax profits of £47m, down from £63m in 2016. The firm's revenues rose to £466m from £452m in the previous year.
In its latest filing to Companies House, McCain said: "Operating profit and RONA (return on net assets) were impacted as a result of potato quality issues which arose during storage periods, resu... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
