A North Wales dairy co-operative has this week reported an increase in profits; up close to £400,000 from last year. Making a record £3m profit in the twelve months, South Caernarfon Creameries are eager to maintain momentum, continuing on this exciting path of success.
Employing 130 people, the firm said the result saw sales of £33.1m over 2016-17, compared to £31.7m in 2015-16. Producing a vast range of cheese and butter products from their Chwilog base near Pwllheli, the focus for the coming year is very much sustaining supply and demand.
“The results for the period are very pleasing and is a reflection of the progress the co-operative has made across all of its activities in recent years,” said managing director, Alan Wyn Jones.
“The focus now is very much in ensuring that our improved performance is sustained in the longer term for the benefit of all of our farmer owners and staff.”
The dairy said the annual results reflected improvements in many areas of the business; predominantly sales, and the dairy commodity markets during the second half of the year. The firm also said that the 127 farmers who co-own the operation will receive £3,750 in additional shares.
Constantly developing this business, just last year South Caernarfon Creameries installed a £6m cheese production unit. Enabling the business to accommodate an influx of new orders, the unit was opened at the site by Prince Charles, aiding them to this level of success they report today.