Roddas (clotted cream) deliver strong financials
Posted on: 09/09/20
Roddas Cornish clotted cream 2019/20 year results are strong with turnover up £2 million (+5.6%) to £38 million and an operating income of £1.88 million with gross profit up to 24.7%.
Bank borrowing decreased from £4.13 million to £1.74 million
At farmgate level in Cornwall a Roddas contract remains a blue chip must have one.
During 2019/20 to date the farmgate liquid litre price has been very stable at 29.1ppl with an average actual milk price paid into its farmers bank account of 30.82ppl.
Roddas clotted cream is another internationally recognised quality brand which has certainly helped it weather the Covid storm to date. Farmers supplying the 130 year old family business should be encouraged by these latest results.