UK: Wiseman Milk Profits Down
The falling price of milk has cut the profits of Scotland's biggest dairy company, Robert Wiseman. The East-Kilbride-based firm has announced profits for the year to 1 April down from £19.4m to £17.9m, following a difficult second six months. Turnover rose from £257.2m to £286.7m. The fall is being attributed to Wiseman having to cut by an average of 7% the price at which it sells its milk. However, chairman Alan Wiseman said the group was confident of its strategy and long-term future and believed profits would recover in the forthcoming year. During the results period, Wiseman was the target of a three-month Competition Commission inquiry into its position in the milk market in Scotland.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
Paid just-drinks members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- Most Valuable Spirits Brands in 2017 - The facts
- Most Valuable Beer Brands in 2017 - The facts
- Diageo Africa president O'Keeffe on beer & spirits
- Travel Retail needs a disruptor - Comment
- What the future looks like for Australian wine
- Diageo ready to lock horns with AB InBev in Africa
- Heineken sees Tesco pull SKUs in UK
- Coca-Cola Co announces senior executive shake-up
- Fever-Tree eyes bumper NPD, pack formats for 2017
- Heineken mulls M&A with $1.75bn notes issue
- Central and East Europe Report Package
- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers
- Global vodka insights - market forecasts, product innovation and consumer trends
- Global Scotch insights - market forecasts, product innovation and consumer trends
- Global liqueurs insights - market forecasts, product innovation and consumer trends research