TURNOVER was down almost 10% at Lohmann GB Ltd in the year to 30 June 2018.
The company said in its directors’ report filed with Companies House that it had a “challenging year” with the sale of day-old chicks. It also noted investments in its farming base and changes in the company’s management structure.
Directors said the firm had increased sales in both Northern and the Republic of Ireland, and into the broiler breeder sector.
“The company will continue to investigate opportunities for development in areas which are relevant to the core activities,” they said.
Total revenue was £15.7m in the period, compared with £17.3m the year before and operating profits were £1.1m, compared with £2m in the 2017 figures.
Exchange rates, the volatility of feed prices, labour costs and diseases, such as avian influenza, are listed as principal risks.
“The directors are satisfied the company is well placed for a successful year ahead,” the report concludes.