National Milk Records turnover rises
National Milk Records, which has one of its laboratory sites at Four Ashes, near Wolverhampton, saw turnover rise 4.5 per cent in the first three months of this year.
It was up from £5.31 million a year before to £5.55m for the leading UK supplier of dairy and livestock services.
Revenues for testing of Johne’s disease increased by £111,000 or 12.8% and forr testing for other diseases increased by 26%
The number of cows on the NMR database was 713,379 at the end of March.
Managing director Andy Warne said: “I am pleased to announce this positive quarterly update which highlights the continuing growth in our top line revenues. Analysis of the trading quarter reveals a very strong performance in key areas of our business, and I’m pleased to report healthy growth in revenues for disease testing, testing for antibiotics and surveillance for antibiotics using NMR’s proprietary FarmAssist service.
"However, the results also indicate that the figures for milk-recording revenues and the number of cows on the NMR database have reduced. It is therefore imperative for the business to continue to focus on its core customers and markets. The general outlook for UK dairy, and milk recording in particular, is strong, and I expect NMR to outperform in this area, therefore increasing milk recording revenues once again."
Mr Warne said that although the timing and detail of the Brexit process remained unclear, nothing has changed from the statement NMR made in its 2018-2019 Annual Report and it still believed Brexit would be mildly positive for the UK diary industry overall.
