Oilseeds marketing and seeds supplier United Oilseeds has announced record profits in its year-end profits.

The farmer co-operative reported a rise in worth to £1.44mn, up from £843,000 last year, and pre-tax profits of £1.46mn.

Increased market share in pool and fixed trading and strict controls contributed to the company’s rise in profits, said Chris Baldwin, United Oilseeds managing director.

Boosted market share though increased seed sales also pushed up turnover, he added.

Following the results, the company announced shareholders will receive their dividend before harvest 2007.