UK milk group Robert Wiseman Dairies today [Thursday] reported first quarter like-for-like sales up 20%, inching ahead of forecasts.
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At the annual meeting of shareholders, chairman Alan Wiseman said his group was confident of meeting its target sales volume of one billion litres this year. In the year to the end of March this year, volumes soared by 13.4% to 920m litres.
The group was valued at £115m (US$175.6m) on Wednesday, and shares have outperformed the food sector by 18% in the past year, commented Reuters.
In May, Robert Wiseman revealed a slide in annual profits after exceptional charges related to restructuring and an inquiry by the Office of Fair Trading into the Scottish fresh milk supply chain. The group is still awaiting the final report by the OFT investigation.
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