StockMarketWire.com - Warehousing group Norish posted a rise in first-half profit after sales rose across its cold store, protein sourcing and dairy units.

Norish said a strategic review of its gold store operations announced in March was ongoing.

Pre-tax profit for the six months through June increased to £1.35 million, up from £0.78 million year-on-year, as sales climbed 19% to £18.9 million.

The company did not declare an interim dividend.

Looking forward, it said it remained optimistic for continued growth in profitability in cold stores for the balance of the year.

'We are happy with the significant progress made with the development of our A2 protein milk supply via Cantwellscourt Farm,' it added.

'Grass to Milk Company will deliver its first sale in the second half of the year.'

'Our protein sourcing division is expected to have a strong second half to the year as markets continue to normalise.'









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