Firm reveals record results
Wednesday 21st January 2009, 11:50AM GMT.
Shropshire and Mid Wales agricultural supplies company Wynnstay today announced record pre-tax profits of £5.22 million, up 61 per cent.
Bosses at the group, based at Llansantffraid, near Oswestry, said the results were “exceptional”, with sales up by 49 per cent to £234 million.
Wynnstay operates a network of stores across Shropshire, Mid and North Wales, providing a range of agricultural and country lifestyle products as well as the Just for Pets stores, the first of which opened in Telford last year.
Chief executive Ken Greetham said today: “Agriculture is counter-cyclical and these results are proving that.”
Wynnstay said sales of agricultural supplies were up 52 per cent to £185.2m and operating profits rose 112 per cent to £3.89m. Retail sales rose 42 per cent to £49.2m, with operating profits increasing by 45 per cent to £1.9m.
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