Robert Wiseman Dairies has seen first-half pretax profits drop by 36.6% to GBP11.6m (US$18.4m) after rising packaging and processing costs weighed on the group’s results.
Go deeper with GlobalData
First half turnover at the UK dairy rose 21% to GBP396.3m, boosted by higher selling prices. However, volumes were up only 2.6% year-on-year, the company revealed today (7 November).
Looking to the second half, the company warned that lower cream prices could hit profits by as much as GBP7m.
“Despite very challenging conditions, which include a recent sharp decline in the value of cream and consequent impact on our profitability for the second half-year, the group is well positioned for the future,” CEO Robert Wiseman said.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
