Mole Valley Farmers sees turnover up 7%
Farmer-owned supply business Mole Valley Farmers had a record turnover of £350.4m for the year ending September 2012, a 7% increase on the previous year.
Despite what it called “challenging conditions”, the co-op’s turnover increased by £22.5m due to continued investment, the company said, particularly in green energy from a new anaerobic digester at its Dorchester Mill site.
Pre-tax profit reached £4.4m in the year to 30 September 2012 and borrowings were reduced.
Farmer shareholders members rose to 7,300, due to new incentives, said chief executive Andrew Jackson. Its shareholder rebate went up by 21% to £425,000, with a total benefits package to shareholders of £800,000.
“Their support in a challenging year is greatly appreciated which is why the rebate and benefits package are an important thank you,” said Mr Jackson.
“We have aimed to improve product offer, technical advice and service across the business using scale to achieve buying power. These important cornerstones coupled with dedicated, hard working staff means the business is in a strong sustainable position going forward.”
Mole Valley Farmers continues to grow