Wiseman Dairies Profits Fall

UK - Wiseman Dairies has reported a robust performance in line with expectations, despite a challenging environment for customers and consumers and high input costs, for the six months ending 1 October 2011.
calendar icon 14 November 2011
clock icon 1 minute read

Wiseman Dairies reported that turnover increased by 1.1 per cent to £457.7 million, compared with £452.8 million in 2010.

However, the company's operating profit decreased by 40.6 per cent to £12.5 million, and earnings per share decreased by 18.5 per cent to 17.79p, due to margin and cost pressures in the early part of the year.

Robert Wiseman, Executive Chairman, commented: “We continue to build on our reputation as Britain’s fresh milk professionals. Our network of dairies and depots allows the best quality fresh liquid milk products to be produced and delivered in the most efficient and sustainable manner possible."

"As well as closely managing our costs, we have invested in projects to assist the future growth of the business and the re-building of margins,” he concluded.

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