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.
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.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Food Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
