Hookwood
Member
- Location
- Ruinerwold, The Netherlands
FrieslandCampina’s profit up by 85%
First half of 2015: interim pay-out to member dairy farmers up by 145%
In the first half of 2015 the profit of Royal FrieslandCampina N.V. rose by 85 percent to 192 million euro (first half of 2014: 104 million euro). Margins rose due to the sale of more products with a higher added-value, positive currency translation effects, lower purchasing costs and the lower guaranteed price for raw milk. At 5,645 million euro revenue was at the same level as in the same period in 2014 (5,635 million euro). The milk price for member dairy farmers fell to 36.48 euro per 100 kilos of milk (first half of 2014: 44.19 euro) due to the lower guaranteed price for raw milk. Value creation (performance premium plus issuance of member bonds) rose by 2.49 euro to 4.22 euro (first half of 2014: 1.73 euro). The interim pay-out amounted to 2.018 euro per 100 kilos of milk (2014: 0.825 euro).
http://www.frieslandcampina.com/eng...t-frieslandcampina-stijgt-met-85-procent.aspx
First half of 2015: interim pay-out to member dairy farmers up by 145%
In the first half of 2015 the profit of Royal FrieslandCampina N.V. rose by 85 percent to 192 million euro (first half of 2014: 104 million euro). Margins rose due to the sale of more products with a higher added-value, positive currency translation effects, lower purchasing costs and the lower guaranteed price for raw milk. At 5,645 million euro revenue was at the same level as in the same period in 2014 (5,635 million euro). The milk price for member dairy farmers fell to 36.48 euro per 100 kilos of milk (first half of 2014: 44.19 euro) due to the lower guaranteed price for raw milk. Value creation (performance premium plus issuance of member bonds) rose by 2.49 euro to 4.22 euro (first half of 2014: 1.73 euro). The interim pay-out amounted to 2.018 euro per 100 kilos of milk (2014: 0.825 euro).
http://www.frieslandcampina.com/eng...t-frieslandcampina-stijgt-met-85-procent.aspx