North-east porridge-maker Hamlyns of Scotland enjoyed a 20% boost in sales last year.
The latest accounts for the Banff-based firm reveal a turnover of £23.255 million for the year to July 31 2019. This is up from £19.438m the year before.
Profits in the year were down 48% to £48,475, from £94,153 previously.
In a statement accompanying the accounts, the firm said its directors were satisfied with the company’s performance during the year.
It said: “The year has been impacted by extensive volatility in raw material prices which has been extremely difficult to manage. The difficulty has impacted directly on the results for the year.”
Hamlyns, which is owned by Crewe-based Morning Foods, makes oatmeal and a range of other oat-based products at its mill at Boyndie.
It buys oats from farmers across Scotland, and its products are stocked by major retailers including Tesco, Asda, Sainsbury’s, the Co-operative, Waitrose and Morrisons.
