DAIRY
Total revenues for the division were £12.7m (2008: £10.8m) which generated an operating profit of £1.3m (2008: £2.1m).
Our Dairy business saw a strong start to the year, but the falling milk price in the second quarter led to a softer end to the period as the industry destocked and farmers replaced liners less frequently. As in the second half of 2008 the profitability of the UK Dairy operation was adversely impacted by the increased level of allocated overhead at our Hampton Park West facility following the disposal of the Aerosol gaskets business. This is being addressed by the proposed restructuring announced on 1 April 2009.
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