Sentry reports 1m trading loss

15 April 1999

Sentry reports £1m trading loss

By Farmers Weekly reporters

SENTRY Farming has reported a trading loss of more than £1 million, blaming continued price pressure on the strong Pound and appalling weather.

Actual pre-tax losses for 1998 totalled £426,000, after allowing for the sale of Friarsthorne Farm, Norfolk.

The loss compares with a pre-tax profit of £94,000 in 1997, and £1.74m in 1996.

About half of the companys contracts, many of which were agreed in more lucrative times, are up for renewal.

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