John Wilson MSP for Central Scotland has welcomed the news that the Coatbridge based Food Company Lees Foods has reported an increase in pre-tax profits of almost £1 million, by lodging a motion in the Scottish Parliament.
Lees Foods, which makes a range of well-known products, including its world famous snowballs, has confirmed that 2010 saw an increase in pre-tax profits of 22% and sales increase by 3%.
Lees Foods Company was forced to offset the Euro exchange rate which pushed up the costs of raw materials by reducing energy costs and improving efficiency.
John Wilson MSP said “it is excellent news that a company rooted in Coatbridge has succeeded in achieving record profits, especially during this time of economic difficulty. Ensuring job security is crucial at present and generating profits on this scale will go some way to safeguarding employment throughout the area and will serve as an inspiration to other employers in the area”.
“It is always encouraging to hear that local companies are flourishing by making sound commitments to a reduction in energy costs and increased efficiency in the face of other financial restraints”
S4M-00099 John Wilson (Scottish National Party): Continued Success for Lees Foods – That the Parliament congratulates Lees Foods, based in Coatbridge, on securing a 22% increase in pre-tax profits; recognises that pre-tax profits reached almost £1 million and that sales in 2010 increased by 3%; acknowledges the hard work and dedication of the management and staff at the factory in reaching these figures, and wishes them all the success for the future.