Dairy nutrition firm Volac has reported an operating profit increase of nearly 40% for the year ending February 2012, citing the impact of increased exports and improved profits from overseas operations.
The UK-based firm recorded turnover of £162.4m for the year – a 34% increase on the previous year. While operating profit hit £17.3m for the 12 month period – a 38% increase on the year ending February 2011.
The firm has attributed the revenue and profits growth to a “significant increase in profit from overseas operations” in the Netherlands, China and Malaysia.
“We have had a very positive year and, whilst commodity prices have been high, our core success has been delivered by leveraging valuable dairy products and using its technology and market ‘know how’ to add value across the dairy supply chain,” said Volac CEO James Neville.
“There continues to be strong demand for our nutrition products which deliver improved productivity and health in livestock and help people lead healthier and more active lives.”
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