UK dairy co-op First Milk has booked an increase in full-year profits, boosted by earnings from the sale on its shareholding in Wiseman Dairies.
In the year to the end of March pre-tax profits climbed to GBP13.3m (US$20.8m) from GBP7.2m last year.
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Group turnover amounted to GBP579m, an increase of 1% on 2011. The company said it increased the milk prices it pays to its farmers during the year.
