Coffee Importer Plans to Double Sales

The HeraldOctober 26, 2004

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Summary


MATTHEW Algie, the Glasgow-based coffee importer and roaster, yesterday revealed plans to more than double its sales to (pounds) 40m in five years - but reported flat profits and turnover for its financial year to the end of December.

The 140-year-old company, which has its headquarters in the Gorbals and supplies coffee to the House of Commons and the Scottish Parliament, reported pre-tax profits of (pounds) 2.1m on a turnover of (pounds) 17m during 2003, slightly down on the previous year's turnover of (pounds) 17.2m.

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Extract


Coffee Importer Plans to Double Sales

David Williamson, whose great, great, great-grandfather, the eponymous Glasgow merchant Matthew Algie, established the company...

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