Devro tucks into sausage profits rise

By PETER RANSCOMBE
Published on 31/07/2012 23:22

SAUSAGE skin maker Devro yesterday served up a rise in half-year profits after sales of the Moodiesburn-based firm’s higher-margin Select range increased in developed markets such as Germany and Japan.

The FTSE 250 company posted a 5.7 per cent in pre-tax profits to £20.2 million for the six months to 30 June, with improvements to its production process offsetting currency fluctuations and a rise in raw material costs.

Chief executive Peter Page told The Scotsman he expects the rise in inflation to remain around the same level in the second half of the year but that more-efficient equipment in its factory meant it did not have to pass price rises on to customers.

Turnover rose by 7.7 per cent to £115.4m, boosted by higher sales in emerging markets such as Latin America.