Robert Wiseman Dairies Manages To Increase Margins
UK - Robert Wiseman Dairies has been able to juggle suppliers, pricing and higher input costs in the first half of this year, while increasing margins, according to a trading statement released on Thursday.
1 October 2007
1 minute read
We have been successful in recovering this increased cost in our selling prices over the last few months
Group finance director Billy Keane
The UK-based company's experience in a tumultuous market is typical of the extreme cost and supply pressures dairy companies are facing worldwide.
"Despite competition remaining intense, margins in the first half year have continued their slow recovery and we anticipate they will be broadly in line with the second half of last financial year," group finance director Billy Keane said in a trading update.
The company's sales volumes and turnover for the six months to 29 September 2007 are to date in line with a previous forecast, he reported.
However the cost of plastic remains a concern for the company. The Platts Resin index has recently increased to about £900 per tonne, which is a new record high.
"We have been successful in recovering this increased cost in our selling prices over the last few months, but we continue to monitor Platts for any further increases," Keane reported at an analysts meeting.
Source: foodproductiondaily.com
