Wexford Milk Producers are reporting a modest profit for 2013 in advance of the confidence vote being faced by the board next Thursday, 13 February.

Turnover for the year ended 26 January 2013 was €59.5m, down from €66.5m the previous year.

Operating profit before exceptionals was €143,000, reversing the operating loss in 2012 of €68,692. Operating costs were down almost €500,000 and this reflects the restructuring carried out over the 2011/2012 period.

Shareholders funds were €13.4m, similar to 2012.