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November 22, 2011

 

Robert Wiseman's profit down
 

 

Robert Wiseman Dairies reported a decrease profit of GBP12.45 million (US$19.5 million), or GBP0.18 (US$0.28) per diluted share, for May-October 1, 2011, compared to GBP15.13 million (US$23.7 million), or GBP0.21 (US$0.33) per diluted share, for May- October 2, 2010.

 

Revenue for the six months ended October 1, 2011 was GBP457.68 million (US$716 million), compared to GBP452.83 million (US$708.6 million) for the six months ended October 2, 2010.

 

Operating profit for the six months ended October 1, 2011 was GBP12.47 million (US$19.5 million), compared to GBP21.01 million (US$32.9 million) for the six months ended October 2, 2010.

 

Robert Wiseman, executive chairman, commented: "We continue to build on our reputation as Britain's fresh milk professionals. Our network of dairies and depots allows the best quality fresh liquid milk products to be produced and delivered in the most efficient and sustainable manner possible. As well as closely managing our costs, we have invested in projects to assist the future growth of the business and the re-building of margins."

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