North East food company Prima Cheese has seen a big rise in revenues but profits fell as it invested in its operations and felt the impact of inflation.
The Seaham firm, which provides cheese to pizza companies around the country and abroad, has released accounts for the year to March 31 which show a 32% rise in turnover to £121.7m. Over the same period, operating profit fell to £3.7m though the firm grew its headcount slightly to 166.
The accounts show that company increased its UK and ‘Rest of the World’ sales, but saw a slight drop in exports to Europe. The family-owned firm …
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