The UK Food Packaging Company has announced that its revenue has increased by 50 per cent over the previous year.
The Hilton Food Group, which compiles food for supermarkets such as Tesco, saw its revenue increase from $ 1,814.7 million in 2020 to $ 27,2774 million – an increase of exactly 50 percent.
Profit before tax rose 20.2 percent to $ 61.1 million in 2019 from $ 49.7 million.
It said the growth could be attributed to its first full-year trade following the opening of the Queensland facility overseas, especially in Australia, and plans to open a base in New Zealand later this year.
Robert Watson, Chairman of the Hilton Food Group, commented: “I am very proud of the commitment and resilience of the entire Hilton Group in 2020, and I will quickly change the challenges posed by Govt-19 to protect our people and keep our facilities. Open and support our customers.
“This response ensured a strong performance in both volume and profit growth, and we ended our joint venture transition period in Australia and the acquisition of associated corporate assets.
“In Europe we have set up a new facility to deliver Delhaise in Belgium and continue to diversify our product delivery into plant-based, seafood and convenience categories.
“Like all businesses, there are some uncertainties about the full impact of Covit-19, which includes the risks of a recession, but we believe our strong and sustainable business model and broad geographical spread make it well-positioned to meet future challenges.”
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