Dairy aids Dean Foods profit push
US-based Dean Foods has posted a 10 per cent increase in operating profit over the 2008 fiscal year, amounting to $608m on the back of what it claims has been one of the strongest fourth quarters in the group’s history.
Sales were up by 5.3 per cent to $12.4bn for the twelve-month period ending 31 December 2008, helped by strong profit growth in the group’s dairy and commodity operations.
Improved sales volumes of fluid milk over the period helped drive a 31 per cent increase in operating profits for the company’s dairy segment operations, Dean Foods stated.
