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Robert Wiseman full-year results beat market view
Robert Wiseman Dairies has announced that adjusted operating profit fell 8.6% in the 53 weeks to 4 April 2009, but margins improved in the second half of the year, raising its full-year dividend.
The company posted a 17.4% rise in revenue for the period and said it was confident of increasing volumes and continuing to rebuild margins in the medium term.
Robert Wiseman said it would pay a full-year dividend of £0.15 per share, a 7.1% increase from 2008. In a statement, chairman Alan Wiseman said: “We have been successful in rebuilding margins in the second half to provide a solid base for our business going forward.”
Adjusted operating profit fell to £35.1m from £38.4m a year ago. Pre-tax profit rose to £30.8m from £29.2m a year earlier, while turnover rose to £847.7m from £722m. Four analysts on average had expected pre-tax profit before exceptional items of £28.52 pounds, on revenue of £817.8m.
Source: Robert Wiseman Dairies
**Robert Wiseman was the cover story interview in Dairy Innovation magazine, issue 22. To subscribe to Dairy Innovation, click here.**
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