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UK: Greenvale sees rise in profits despite “fiercely competitive” retail potato environment

Potato supplier Greenvale AP’s parent company Produce Investments has reported a rise in profits of nearly 50 per cent for the year to the end of June. Profits rose from £7.5million in 2012-13 to £11m in 2013-14, even though revenue slipped from £206m to £192m, due to overall lower market prices. The company described the performance of the Jersey Royal Company, which it acquired in May, as “in line with expectations”.

Source: www.hortweek.com

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