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Fourth Consecutive Profit Share Payment

Date Added: 04/01/2010

Members of United Oilseeds will receive a total aggregate payout of £324,000 following the announcement that the company is to make its fourth consecutive annual profit share payment.

This latest redistribution of trading surplus takes the total amount paid back to the company's members to £1.27 million over the last four years and follows another pleasing set of financial results for the company.

During the financial year ending 30th June 2009, United Oilseeds Marketing Ltd made a pre-tax profit of £1.027 million, putting the Group's net worth at £4.23 million. During the same period, turnover increased by 35% compared to the previous year.

The company's strong results are in part due to the increase in commodity values during the trading period, but the biggest factor has been the substantial increase in trading membership, which rose by 44% during the year to a total of 3,100 members.

Chris Baldwin, managing director said, "I am pleased to be able to announce on behalf of the Board of United Oilseeds that our members will once again be able to benefit from an annual profit share payment.

"United Oilseeds continues to go from strength to strength and remains at the forefront of the industry. We remain totally committed to using the company's strength and expertise to ensure that we are continually adding value to our members' businesses. UK agriculture continues to face a great many challenges, and I would like to thank our loyal members for their continued support during these difficult and volatile times."

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