November 28, 2012

Volac sees 40% increase in operating profit for Feb 2011-2012

Dairy nutrition company, Volac, has announced an operating profit rise of nearly 40% for the year concluding on February 2012, citing the impact of increased exports and improved profits from international operations.

The UK-based firm recorded a 34% increase for turnover on the previous year.

The firm has attributed the revenue and profits growth to a "significant increase in profit from overseas operations" in the Netherlands, China and Malaysia.

"We have had a very positive year and, whilst commodity prices have been high, our core success has been delivered by leveraging valuable dairy products and using its technology and market 'know how' to add value across the dairy supply chain," said Volac CEO, James Neville.

"There continues to be strong demand for our nutrition products which deliver improved productivity and health in livestock and help people lead healthier and more active lives."