Robert Wiseman Dairies has reported strong full-year results, boosted by increased sales volumes and price increases, which off-set increased costs, the company said today (15 May).
“Against a backdrop of high oil costs, we remain optimistic about the outlook for our business, and look to a period of further stability within the sector and to maintaining the recovery in our operating margins in the period ahead,” chairman Alan Wiseman said.
The company’s preliminary results showed that sales of liquid milk increased by 14.2% to 1.38bn litres, which the company attributed to a period of stability in supply to the major retailers.
Turnover was up 16.2% from GBP489.2m (US$920.96m) in 2005 to GBP568.6m in 2006 and a higher selling price drove operating profit up 9.6% to GBP27.5m.
Adjusted earnings per share increased by 11.7% to 25.35 pence per share.