Fowler Welch half-year finances remain steady


 

Fowler Welch has reported a broadly static half-yearly revenue for the period ended 30 September, achieving £78.1m (2013:£78.2m), with its operating margin also holding firm at 2.7% (2013:2.7%). The company said overall operating profit fell 11% to £1.6m (2013: £1.8m) as a result of expected start-up losses at a new joint venture in Teynham, Kent, which launched in May, storing, ripening and packing stone-fruit and exotic and organic fruits. However, it added that margins were encouraging in this business, with […]