Poor harvest cuts back Salvesen profit

09 June 1998

Poor harvest cuts back Salvesen profit

CHRISTIAN SALVESENS performance was hit last year by a poor harvest for peas and broccoli.

Food processing produced a 76% drop in operating profits from £6.8 million to £1.6m because of poor weather. Overall group turnover fell from £748m to £636m because of the demerger of the Aggreko powerhire business last September. Pre-tax profits fell from £86m to £64m after exceptionals.

It is considering selling its food services division.

• Financial Times 09/06/98 page 24
• The Times 09/06/98 page 30, page 32 (Tempus)
• The Scotsman 09/06/98 page 25
• The Daily Telegraph 09/06/98 page 24