First Milk turnaround plan sees big improvements

Interim results for First Milk show the dairy co-op is continuing to make big improvements while it ploughs through its financial turnaround plan. The dairy co-op, which is fully owned by its farming members, recorded profits before tax of £6.8m in the six months to 30 September, compared to £2.4m loss in the same period last year. Bank debt fell by £20m to £26.1m. CEO Mike Gallacher, who started in March 2015, said the improvements meant First Milk was now […]