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First Milk posts profits increase on back of Wiseman Dairies sale
date:Jun 22, 2012
The firm, which manufactures a variety of products including cheese and dairy ingredients, recorded turnover of 579m (1% increase on 2011) for the fiscal year (FY) ending 31 March 2012 and pre-tax profits of 13.3m an increase on the 7.2m reported in 2011.

Of this, 9.6m relates to the profit made on the sale of its shareholding in Robert Wiseman Dairies, which was acquired earlier this year by German dairy giant Mller in a deal worth nearly 280m.

The results mark the end to a difficult year

12/21 16:37