Substantial losses offset by extraordinary income in 2006
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- 15 March 2007
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On Wednesday, March 14, 2007, Arla Foods' supreme body, the Board of Representatives, approved the Supervisory Board's proposals with regard to profit distribution for the 2006 financial year at a meeting in Halmstad, Sweden. Consequently, Arla Foods' milk suppliers will receive an average supplementary payment of 5.31 Danish øre, bringing the total figure to 226.66 øre per kg weighed-in milk from co-operative members.
Arla Foods' profit for 2006 was DKK 993 million which, in view of the Middle Eastern consumer boycott, is considerably better than expected. The result is, however, significantly affected by extraordinary income, including disposal of non-core businesses.
"Despite the crisis in the Middle East, we have increased the tempo of our strategy plan and have shown the dynamism and commitment to develop the company further. We can take some pride in that," Arla Foods' Managing Director Peder Tuborgh told the Board of Representatives. Peder Tuborgh also expressed his gratitude to the Board of Representatives for their support for Arla Foods' strategy plan.
Arla Foods is an international dairy company owned by 9,700 farmers from Denmark, Sweden, the UK, Germany, Belgium, Luxembourg and the Netherlands. Arla Foods is one of the leading players in the international dairy arena with well-known brands like Arla®, Lurpak®, Puck® and Castello®. Arla Foods is focused on providing good dairy nourishment from sustainable farming and operations and is also the world's largest manufacturer of organic dairy products.