Milk Link reveals strong peformance

Dairy co-op Milk Link has issued a half-year trading update showing that the business made a pre-tax profit of about £7.5m in the six months from April, 2007, before interest paid to members.

Pre-tax profits at The Cheese Company, the co-op’s cheese business, doubled to £3.4m.

Chief executive Barry Nicholls said members should receive at least a 10% return on their qualifying loans.

“The outlook to the end of the year remains favourable,” he said.