Robert Wiseman Dairies has posted an 81.5% rise in first-half pre-tax profit, boosted by higher volumes, and said it remains confident about its results for the remainder of the year.
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For the six months ended 3 October, profit before tax reached GBP210m (US$350.6m) from GBP11.6m in the same period last year.
Turnover increased by 7% to reach GBP423.9m, while sales volumes were up 11.3% to 851.3 million litres.
Operating profit reached GBP1.6m, a 62.4% increase on a year earlier
Robert Wiseman, chief executive, said: “We are pleased with the volume gains during the period and that we have delivered profits, on a pence per litre basis, consistent with the second-half of the previous year.”
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By GlobalDataWith the completion of investments at Bridgwater dairy and Amesbury depot, the company said it is “well placed to continue the growth in volumes and to improve operating margins in the medium-term”.
“We are pleased with the volume gains during the period and that we have delivered profits, on a pence per litre basis, consistent with the second-half of the previous year. We remain confident in the outturn for the year.”
