Scotland business

Animal feed producer Harbro Group posts rise in profits

Harbro factory Image copyright Harbro Group

One of Scotland's largest animal feed producers has posted a rise in profits, despite reporting a "challenging" year for the industry.

Aberdeenshire-based Harbro Group saw pre-tax profit increase by £800,000, to £3.5m, in the year to the end of June 2016.

This was despite turnover falling by £1m to just over £100m.

Harbro said international sales grew over the year, both in Europe and in new markets further afield.

The Turriff-based company manufactures and supplies feeds for the beef, sheep, dairy, pig and poultry sectors.

It also has a network of 19 shops across Scotland, operating under the Country Store brand. The stores cater for farming and rural communities with a range of products, including fireside supplies, country clothing and footwear.

Image copyright Harbro

In accounts filed with Companies House, the company said: "As always, the outlook for agriculture is difficult to predict.

"We have certainly been experiencing challenging times over the last 12-18 months but the industry is a robust one.

"The impact of Brexit is still to be fully understood, although the board are confident that the group will be well positioned for whatever business challenges this may bring about."

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