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.
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