Company which buys milk from 270 Cumbrian dairy farmers hails 13 per cent increase in turnover

The Westmorland Gazette: Simon Chantler: 'a consistent performance' Simon Chantler: 'a consistent performance'

MEADOW Foods, which buys its milk from 270 Cumbrian dairy farmers, has reported a 13 per cent increase in turnover to £340.9m.

Operating profit was £9.51 million - up 4.97 per cent, for its last financial year.

The private company, based in Chester, has also announced that it has eliminated net borrowings while committing £2.6m to capital investment projects in the coming year.

The investments are designed to further increase capacity and efficiencies at its manufacturing facilities.

Simon Chantler, executive chairman, said: “While the wider economic conditions remain challenging, Meadow Foods has continued to deliver a consistent performance.

“These investments will bring further sustainable growth.”

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1:05pm Tue 8 Jan 13

Lakeuk says...

I wonder if the farmers income from selling milk increased by 4.97 per cent, some how I doubt it
I wonder if the farmers income from selling milk increased by 4.97 per cent, some how I doubt it Lakeuk

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