Milk Link: Turnover Down But Profits Up

Milk Link have issued their first half 2009 trading update today, reporting a 2.5% fall in group turnover from GBP278 million to GBP271 million.

Despite that, profits before tax are up a whopping 250% to GBP4.9 million, from GBP1.4 million.

Milk Link say that this is due to "exceptional costs in relation to the disposal of its Staplemead creamery" in H1 2008.

But I think it's more likely to be down to their policy of insisting on having everything for free for the first six months of any contract.

Strangely, they never did get back to me on my request for free milk and cheese on a trial basis though.