Sales, profits and turnover are surging at Grimsby seafood giant Young’s, figures just released have shown.
Operating profit is up to GBP 20.4 million (USD 34 million, EUR 24.6 million) for the 12 months to the end of September 2013, against GBP 7 million (USD 11.6 million, EUR 8.4 million) in the nine month financial year of 2012, following a major financial restructure.
Turnover was up from GBP 425 million (USD 707 million, EUR 512 million) to GBP 582.7 million (USD 969 million, EUR 702 million), and margins enjoyed a near 2 percent boost, from 9.3 percent to 11 percent at the town’s biggest private employer.
