Cranswick beats profit forecasts on pork and poultry demand
UK meat producer lifts dividend after strong year and continued expansion
20 May 2025
1 minute read
By: British meat producer Cranswick reported annual pretax profit ahead of market expectations on Tuesday, driven by strong demand for its pork and poultry products, reported Reuters.
Cranswick reported adjusted profit before tax of 197.9 million pounds ($264.8 million) for the year ended March 29, above analysts' expectations of about 192 million pounds, according to data compiled by LSEG.
The company proposed to raise its final dividend by nearly 13% to 76 pence per share.
"The start to the current financial year has been in line with the board's expectations," Cranswick said in a statement.
The company has been making significant investments to increase production capabilities and broaden its range of products in a bid to diversify its income streams.
Earlier this year, the group expanded pig farming and milling operations, and acquired UK pig genetics company JSR Genetics.
($1 = 0.7474 pounds)
