Frontier stumbling along OK
Frontier Agriculture increased its profitability by 43% in its second year of trading, according to figures released this week.
Pre-tax operating profits at the grain trading and inputs business, which is jointly owned by Associated British Foods and Cargill, were £11.3m for the year ending 30 June 2007. Profit after tax was £5.3m giving a 15% return on initial shareholder investment. Turnover was up 10% to £623m.
When asked to get the round in however an un-named Frontier spokesman said that he had left his wallet on the bus.
Pre-tax operating profits at the grain trading and inputs business, which is jointly owned by Associated British Foods and Cargill, were £11.3m for the year ending 30 June 2007. Profit after tax was £5.3m giving a 15% return on initial shareholder investment. Turnover was up 10% to £623m.
When asked to get the round in however an un-named Frontier spokesman said that he had left his wallet on the bus.
