Thursday, March 16, 2017

Premium Brands posts record profits

Premium Brands Holdings posted record revenues and profits for the fourth quarter and the year.

Revenues in the fourth quarter increased by 33 per cent to $532.6 million, boosted by the purchase of four businesses since the fourth quarter last year.

Profits were $20 million, up from $8.6 million.

Revenues for the year inceased from $1.5 to $1.8 billion and profits from $11.6 to $68.8 million
Since then, the company has bought three more businesses.

Its main businesses are in further processing meats.