More cream for Mackie’s employees as profits up 10 per cent
Increased turnover and profits at Aberdeenshire-based ice cream maker Mackies will see staff bonuses of 10 per cent paid to the firm’s 66 employees.
The company, which has 20 per cent of the Scottish ice cream market, highlighted new sales in Taiwan and growth in business with Costco in South Korea as it revealed it had increased turnover by about £500,000 to £11.6 million in its last financial year.
Underlying operating profits rose by 10 per cent to £907,000 in the year to May 31, 2015.
Mac Mackie, managing director of Mackie’s of Scotland, said that the company would be able to pay a bonus of 10 per cent on all salaries as a result of the profits achieved.
Mackie’s made pre-tax profits of £1.9 million, including a one-off gain on the sale of land, up from £860,566 in the prior 12 months.
The firm’s UK growth is down to increased presence in retailers and the launch of new flavours.
Mackie’s which is celebrates the 30th anniversary of its ice cream this year, exports to Singapore, Malaysia and Ireland, as well as to South Korea and Taiwan. And it highlighted plans to target the Indian market as it aims for further growth in overseas sales.
Gerry Stephens, finance director at Mackie’s, said: “The company growth in ice cream sales is the result of increased listings and the introduction of new flavours in the UK. Opportunities for ice cream in the export market have also been fruitful, with 500 per cent increase through new sales in Taiwan, a growth in sales to Costco Korea and expansion plans in the pipeline for India.”
The company highlighted the continuation of its £6 million investment programme. It noted this year would see the development of a new chocolate factory on the farm, the introduction of new ice cream machinery and packaging, as well as the upgrading of existing staff housing and the renovation of its product development kitchen.
It added that a significant portion of this investment had seen Mackie’s strengthen its green credentials, with the introduction of a fourth wind turbine on its Aberdeenshire farm. This, it noted, was in addition to the installation of nearly 7,000 solar photovoltaic (PV) panels.
Mr Mackie said: “These results are extremely encouraging, especially with the launch of our chocolate range and as we look forward to celebrating 30 years of Mackie’s ice cream. It shows our investment in new product development, increased investment in our infrastructure, innovation, staff and renewables have helped continue the company’s growth.
“The profit announcement is also keenly watched by our staff – our staff bonus scheme is linked to target profits and this year we are pleased to be able to pay 10 per cent on all salaries.”
He added: “We have big ambition for the year ahead our continued investment in company growth and our chocolate range is going from strength to strength with a new 35-gramme bar and new product development in the pipeline.”