 Robert Wiseman Dairies warned profits were still low |
Dairies firm Robert Wiseman said it has been heading in the right direction after price rises boosted margins. The East Kilbride-based group, which has contracts with Tesco, Sainsbury's and Somerfield, posted a 40% rise in half-year operating profits to �17.5m
Higher prices offset a 9% hike in expenses, including oil-related costs, of �59.2m.
Wiseman warned profitability levels were still some way short of levels achieved in previous years.
Chief executive Robert Wiseman said: "Following a difficult period which included major supermarket contract changes and exceptional inflationary costs, the group has demonstrated that margins are slowly recovering and that we are heading in the right direction."
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