Robert Wiseman Dairies announces 41% profit increase

Robert Wiseman Dairies said it was feeling confident about its future prospects after it announced a 41.4% rise in half-year pre tax profits.

Profit before tax had risen from £12.1m to £17.1m in the six months to September, with sales up by 3.1% to 709m litres.

With renewed supply agreements with Sainsbury’s and Somerfield and organic milk contracts with Tesco and Horizon Organic Dairy, the company said it was “heading in the right direction”.

The new £46m Bridgewater dairy, due to be completed late next year, and the company’s increased share in the organic dairy market has left the company in a “confident mood” about its future, chief executive Robert Wiseman said.

However, the company added that plastics and energy costs remained a concern, with operating costs increased by 9.2% on the back of higher oil costs.