DairyCo
Welcome to DairyCo
News
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- April 2011
- June 2011
- UK butter prices reach record levels at £3,800/tonne
- Branded Cheddar Cheese sales continue to grow
- Farmers Guardian - Dairy Farmer of the year 2011
- New weekly retail price webpage launched
- M&S milk supply contract
- Milk Link reports 42% increase in profits
- April UK Farmgate Price Released
- Forage for Knowledge update 2 June
- First Milk launches new children’s dairy brand
- Tesco increases retail milk price
- Forage for Knowledge update June 14
- May 2011
- March 2011
- February 2011
Milk Link reports 42% increase in pre-tax profits
Published 10 June 11
For the financial year ended 02 April 2011, Milk Link reported profit before tax of £15.1 million, £4.5 million (42%) higher than the previous 12 month period. The company also reported a turnover of £586 million, representing growth of 6.5% (£36 million) as the annual volume of milk handled by the company grew to over 1.5 billion litres from 1.44 billion litres in the 2009/10 financial year.
Despite the acquisition of Cornish Country Larder in January at a cost of £7.1 million, Milk Link reported a £1 million fall in the company's net bank debt to £79.9 million.
Chief Executive of Milk Link, Neil Kennedy described the company's performance over the year as "solid", adding "we remain cautiously optimistic about the trading outlook and we are focused on sustaining a competitive return to our Members."
For more information on Milk Link's operations, the Company Strategy and Performance Report 2011 produced by Dairy Co, can be found by clicking here.