Chairmans statement: "We have set out a clear path to develop First Milk into an added value food business and 2011/12 was notable for the opportunities we realised, as well as the delivery of a robust financial performance in tough market conditions."
Chairman's Statement: "The business has made susbstantial progress in 2010/11. Financially we are strong with improved profitability, a more competitive milk price, a sound balance sheet and lower net bank debt."
Chairman's Statement: This is the first time that First Milk has produced half-year results and they are 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 on top of milk price rises of 2.2 pence per litre during 2010, confirm that we are delivering against this strategy.
Chairman's Statement: "Overall, the business made progress during the year to 31 March 2010. Financially, we are in a stronger position, with improved profitability, a sound balance sheet and reduced net debt."