Page last updated at 06:20 GMT, Tuesday, 16 June 2009 07:20 UK

Dairy's first profit since 2004

Guernsey Dairy products
Farmers said they were glad the dairy was back in profit

Guernsey's dairy has reported a profit for the first time in four years.

The business, which had made a loss since 2004, brought in £443,000 in 2008, it said.

Guernsey Dairy said the increase was mainly due to a review of the gate price - the price at which people on milk rounds buy milk from the dairy.

Dairy operations manager Andy Tabel said that reinvestment was overdue and that some of the profits would go towards buying two new road tankers.

Mr Tabel added: "There are a lots of other we need to do around the organisation.

"We're also looking at new equipment, tiling, flooring, lab refurbishments and things like that."

Local farmers have expressed relief at the news of the profit.

Robert Waters, president of the Guernsey Dairy Farmers' Association, said it was good news for the whole industry, and added that he hoped it may pave the way for negotiations for producers to share some of the profits.

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