CEFETRA, the grain importer and animal feed raw materials supplier, has hiked profits and turnover after increasing the

volume of commodities and ingredients it shipped to customers.

The agriculture specialist, owned ultimately by the German conglomerate Baywa, lifted profits

after tax by 29 per cent to £3.6 million in the year ended December 31.

Profits rose as Cefetra, which is run from Glasgow Airport Business Park and has operations in Rosyth and Leith, delivered more than 4.3 million tonnes of materials to customers during the period.

Turnover increased by 15% to £991.1m, the company said.

Managing director Andrew Mackay said: “These robust financial statements highlight what has been another successful year for Cefetra with growth achieved in both volumes and profit.

“We continue to receive excellent support from both our customers and our suppliers, enabling us to increase our delivered volumes to over 4.3m tonnes, which helped us to deliver this satisfactory result for the period.

“We supplied a wide range of commodities including grains, oilseeds and oilcakes as well as other non-grain feed ingredients.

“Our ability to provide an independent view along with tailor-made efficient solutions for our customers has enhanced our position as the supply partner of choice in both the UK and Ireland.”

Cefetra, which employs 70 people in Scotland, has transferred activities from the King George V Dock in Glasgow to Rosyth and Leith after reaching a long-term agreement with Forth Ports. It has also struck a deal with Associated British Ports to develop an import facility at Ayr.