Robert Wiseman Dairies warned profits were still low
|
Dairies firm Robert Wiseman said it has been heading in the right direction after price rises boosted margins.
The East Kilbride-based group, which has contracts with Tesco, Sainsbury's and Somerfield, posted a 40% rise in half-year operating profits to £17.5m
Higher prices offset a 9% hike in expenses, including oil-related costs, of £59.2m.
Wiseman warned profitability levels were still some way short of levels achieved in previous years.
Chief executive Robert Wiseman said: "Following a difficult period which included major supermarket contract changes and exceptional inflationary costs, the group has demonstrated that margins are slowly recovering and that we are heading in the right direction."
|
Home
~RS~q~RS~~RS~z~RS~52~RS~)
BBC NEWS CHANNEL
News services
E-mail this to a friend
Printable version
