FAMILY owned meat producer JW Galloway has seen its profits slump, in spite of a 2% rise in turnover.
FAMILY owned meat producer JW Galloway has seen its profits slump, in spite of a 2% rise in turnover.
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greig cameron deputy business editor
The Bridge of Allan company, which trades under the Scotbeef and Vivers Scotlamb labels, said it had been hit by the difficulties in the UK economy and increases in the cost of raw materials.
Accounts filed at Companies House show turnover grew from almost £214 million to £218.4m in the 52 weeks to February 26 this year. UK sales fell from £168m to £163.5m but that was offset by stronger growth in European markets with turnover there rising from £45.9m to £54.9m.
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