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Arla to pay £252m to help farmers affected by drought

by LLB Reporter February 20, 2019

written by LLB Reporter 20^th Feb 19 1:44 pm

Dairy firm Arla are to pay out £252m of their annual profits, to help farmers following last years drought that affected the UK and Europe.

Jan Toft Norgaard, chairman Arla Foods said, “As a farmer-owned dairy company we care deeply about the livelihood of our farmers and we see how many of our colleagues have been affected by the drought last summer.

“We have this exceptional opportunity to help them without putting our company Arla at risk and I am proud that we have proposed to do so.”

The company announced their revenue moved up from £8.9bn to £9bn, Arla also saw revenues top £2bn for the first time, rising from £2.01bn, compared to £1.94bn the year before.