In the high-volume, low-profit beef processing industry, any margin over 1 per cent is seen as a success. Yet having increased revenue to €985 million last year, France’s second-largest player Elivia returned a much faster-growing operating profit of €18.2 million last year. In other words, it is fast approaching a 2 per cent operational margin. New documents just filed by the French company for 2021 show the continuation of improvements achieved in the last five years – in 2017, Elivia was posting equivalent losses. Even after exceptionals and taxes, the business has now returned a net profit for the second…