Fowler Welch profit up

Leeds, UK: Fowler Welch revenue grew by 4% to £83m (2016: £80m) according to parent company Dart Group’s interim results for the half year ended September 2017.

Fowler Welch operating profit increased by £100,000 to £2.4m (2016: £2.3m).

In the reporting period, the business gained volumes from its Dairy Crest operation at Nuneaton, which commenced in June 2016, while the operations at Teynham and Heywood also saw new volumes come on line, Philip Meeson, executive chairman, said in a statement.

Contribiutions from its fruit ripening and packing joint venture operation reduced during the period.

Dart Group, which also owns leisure airline Jet2.com, reported operating profit up by 22% to £204.9m. Group profit before foreign exchange revaluation and tax rose by 18% to £198.2m. Over the period, leisure travel revenue grew by 36% to £1,580.9m reflecting a 41% increase in passenger numbers flown by Jet2.com to 7.14m.

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