UK-based canned seafood giant John West reported gross profit rose by 58 percent to £28 million (€31 million/$34.2 million) in 2018, while operating profit was up tenfold to £10.3 million (€11.4 million/$12.6 million).
John West reported a turnover of £186 million (€207 million/$228 million), a 16 percent drop from the year prior, citing its reduced sales in low-margin and loss-making products, resulting in better margins overall.
Only 16 percent of the turnover came from countries outside the United Kingdom, though the majority of purchases by the company come from outside of the United Kingdom, making it vulnerable to the volatility in foreign exchange rates.
