Quarter of UK poultry companies operating at a loss
A quarter of companies in the UK poultry industry are making a financial loss, according to an analysis market report into company performance.
The Plimsoll reports states that195 companies are making a loss as economic conditions continue to take their toll.
"More and more companies are making a loss for the first time in their history,” said David Pattison, author of the report. "Many can rightly claim to be victims of difficult trading conditions. A quick refocus on profitability would make sure this stays an isolated occurrence."
However, overall conditions are no excuse for a band of serial loss makers in the market, Pattison said. The report found 100 companies are making a loss for the second and third year running and are selling at unsustainable prices.
"They have put off making the painful decision that more prudent companies made a while ago. No one wants to trim costs, lay off staff, cancel dividend payments and the like, but carrying on regardless is now unviable." Pattison said.
Source: Poultry World
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