DAIRY

Revenues for the division were up 4% (6% at constant currency) at £13.2m (2009: £12.7m) which generated an operating profit of £2.0m (2009: £1.3m). EBITDA was £2.2m (2009: £1.5m), giving a return on sales (as defined in the the Results page) of 16.9%, up from 11.6% in 2009.

 

Our Dairy business benefited from a stronger market and this, together with the benefits of the outsourcing of the manufacture of European dairy products, significantly improved profitability.

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