Sales of chicken up at 2 Sisters Food Group
Ranjit Singh © Tim Scrivener 2 Sisters Food Group has said it will continue to review the footprint of its UK poultry operation as it seeks to “streamline” capacity, and drive efficiency through the business.
Boparan Holding’s third quarter results, the parent company of 2 Sisters, says sales at its protein division were up 0.8%, against the same period in 2014.
It comes as supermarkets continue to cut the cost of a weekly shop to consumers.
The financials cover the 13 weeks to 2 May 2015.
See also: Halal poultry firm takes over 2 Sisters slaughterhouse
This improvement is despite challenges from bird flu disrupting trade and “negative consumer sentiment” following the Food Standards Agency’s campylobacter reporting.
The results also say that the volume of chicken sold grew, and market share figures “show that we are regaining share in the poultry industry”.
Profit after exceptional items, before interest and tax, was in the black at £16.3m compared with a loss of £14.7m the previous year.
Ranjit Singh, chief executive at 2 Sisters, said the performance was “encouraging”, and in line with expectations.
He added changes to the company’s UK poultry operation went “a long way to offsetting the external challenges we face in this market”.
The business has recently announced that One Stop Halal, a poultry business serving Muslim markets, will take over killing at its Eye slaughterhouse.