For the six-month period to 30 September 2010, the company delivered improved numbers for all its key financial measures as a result of across-the-board business improvements.
Comparing these results against the same six-month period in the prior year:
Commenting on these results, First Milk’s chairman Bill Mustoe said: “This is the first time that we have produced half-year results and they’re a good set of figures, demonstrating continuing momentum. We have laid out a strategy to drive shareholder returns, grow our brands, diversify our product and market mix, lower our cost base and seek value in partnerships. The results today on top of milk price rises to our farmer members of 2.2 pence per litre during 2010, confirm that we’re delivering against this strategy.”
Source: First Milk
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