GEN Close up of red cherries

Good global growing conditions have helped cherry giant JO Sims increase its pre-tax profit.

The Spalding-headquartered firm increased pre-tax profit in the year ending 31 December 2014 from £637,061 to £1.2 million.

Turnover, meanwhile, went up from £43.6m in 2013, to £51m.

Speaking in the report accompanying the accounts, Christopher Sims, a director at JO Sims, said: 'The fruit trading business remains focused on delivering the highest qualiy of product to its customers, and continues to invest in the development of both the supply chain and its employees for the future.

'The year presented healthy growing conditions for crops worldwide. Fresh cherries, being the key product for the business, were generally sourced in good volume at very high quality and competitive prices.

'Good weather conditions in the fruit-growing regions of Europe, coupled with a slightly early English crop, meant that English fruit was finished earlier in the marketplace than a typical year. Imported product was therefore exclusive in the market for a longer duration.

'Foreign exchange rate fluctuations during the year offered more stable and improved levels, further enhancing the gross margin delivered.'