| Record Profit for ND State Flour Mill: $13.2M |
| Assocaited Press |
| 7/30/2010 |
| After two straight years of losses, North Dakota`s state flour mill has posted a record profit of almost $13.2 million. General Manager Vance Taylor says the mill also passed a production milestone. During its last budget year, it shipped just over 1 billion pounds of flour. Taylor reported the results to the state Industrial Commission on Friday. The mill`s budget year ended June 30. Last year, the mill suffered a $9.7 million loss, its biggest ever. It lost $822,000 the year before. Taylor says the flour market has been improving. This year`s profit is double the mill`s previous high of $6.2 million, set in 2006. Mill profits help to pay for state government operations. Almost $6.3 million of mill profit was recently transferred to North Dakota`s general fund. |
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