Record earnings for Frontier

Record cereal and oilseed prices, combined with a zero set-aside rate helped the UK’s largest crop marketing and inputs supplier, Frontier, achieve “exceptional” results for the last financial year (y/e 30 June 2008). Turnover grew by 65% to £1.1bn, while post-tax profit on ordinary activities hit £21.1m.

For the third consecutive year, no dividends have been paid back to parent businesses Cargill and Associated British Foods, as Frontier is investing all profits back into the company.

“This policy perfectly reflects our long-term investment strategy and the strength of our commitment to the sector,” managing director, Mark Aitchison said.