Profits up for Avara Foods despite £6m Covid costs
Profits up for Avara Foods despite £6m Covid costs
Avara Foods spent £6 million in Covid-related measures in a period which also saw the firm record a strong increase in sales and profits.
For the year ended 31st May 2020, reported a year-on-year increase of five percent in turnover and a £2m increase in earnings before tax in its second full year of trading.
This was despite the impact of Covid-19 which forced the company to close its duck operations in April 2020.
Coronavirus also forced Avara to spend £6m on social distancing measures, new PPE and staff recognition payments during the pandemic.
Andy Dawkins, chief executive officer at Avara Foods, said: “Despite the challenges 2020 presented, our plans remained on-track and we have delivered more value to customers than ever before – a real credit to all those who work at Avara. In the face of Covid-19, we invested heavily to protect the wellbeing of every single colleague and to ensure the business was stable and resilient.”
Photograph: Avara Foods chief executive, Andy Dawkins.
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