Robert Wiseman gives profit warning
Robert Wiseman Dairies said on Monday that it's full year operating profits were likely to drop by £8.5 million. The company blamed rising costs and delays in implementing price rises.
Schroders 35% profit rise in 2007The Scotland based company said that operating profits in the year ended 31 March had risen 10.1 per cent compared to a year earlier to £38.4 million.
Alan Wiseman, chairman of the company said, "I am pleased to report a satisfactory set of results for the Group. However in recent months we have faced an accumulation of cost and revenue pressures that will, disappointingly, impact our profitability in the current year."
Wiseman continued, speaking of the company's new plant at Bridgewater saying, "Despite short-term margin pressures, we are confident that the business is in good shape with the Bridgwater facility now operational. We strongly believe this will provide us with the platform to continue our successful growth in the period ahead."
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