Tuesday July 14, 2020

Flahavan’s turnover increases but profits fall

Costs at porridge oats maker rose from €21.5 million to €22.8 million in 2019

Barry J Whyte

Chief Feature Writer

2nd June, 2020
John Flahavan, managing director of Flahavans, is the sixth generation of his family to run the business.

Flahavan’s, the family-owned porridge oats maker, grew its turnover in 2019 from €22.9 million to €24 million, but its profits fell from €1.3 million to €744,934, recently published accounts show.

Costs at the company, which mostly sells porridge oats but also sells flapjacks, muesli and granola, rose from €21.5 million to €22.8 million in the same period.

It meant that, along with accumulated profits and reserves, shareholders’ funds rose to €17 million.

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