Profits up for H&H Group

H&H Group of Cumbria has reported a record £1.37m trading profit for the year to June 2010, up 40% on the previous year. Overall turnover was more than 5% higher at £9.5m.

Growth in all six operating companies contributed to the group’s performance, with the livestock business, Harrison & Hetherington, trading over £100m-worth of livestock, up 3%.

“After very strong trading in the first half of the year supported by currency which helped facilitate exports and restrict imports, the remainder witnessed some trend reversal with weaker prices against an on-going background of declining livestock numbers nationally,” a statement said.