Milk Group grows fast - Farmers Weekly

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Milk Group grows fast

17 August 2001

Milk Group grows fast

MAJOR recruitment drives have helped the Milk Group record the sharpest growth in performance in its seven-year history.

In the year ending March 2001, turnover increased by 25% to £123m. Operating profit doubled to £1.5m and pre-tax profit on ordinary activities rose to £1.2m.

Membership increased by one-third to 1000 and traded milk volume climbed by a similar amount to 900m litres. The company also processed 21% more milk, a total of about 135m litres, delivering 60% of the total operating profit.

The companys processing arm, Nene Valley Foods, recorded a 20% increase in sales volume. Performance was boosted by the purchase during the year of Somerset-based soft cheese maker Lubborn Cheese for £7.5m.

The company aims to more than double its traded milk volume in the coming months to 2bn litres. &#42

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Milk Group grows fast

By FWi staff

MAJOR recruitment drives have helped the Milk Group record the sharpest growth in performance in its seven-year history.

In the year ending March 2001, turnover increased by 25% to 123 million. Operating profit doubled to 1.5m and pre-tax profit on ordinary activities rose to 1.2m.

Membership increased by one-third to 1000 and traded milk volume climbed by a similar amount to 900m litres.

The companys processing arm, Nene Valley Foods, recorded a 20% increase in sales volume. Performance was boosted by the purchase during the year of Somerset-based soft cheese maker Lubborn Cheese for 7.5m.

The company aims to more than double its traded milk volume in the coming months to 2bn litres.

    Read more on:
  • News
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