North Dakota Mill posts $6.2 million profit
May 19, 2011
by Eric Schroeder
BISMARCK, N.D. — North Dakota Mill & Elevator posted profit of $6.2 million in the January-March timeframe. Sales in the period rose 33% to $70.4 million.
For the first nine months of the fiscal year, profits were nearly $12.3 million, which was close to the state-owned flour mill’s record profit of $13.2 million for all of the last fiscal year.
Vance Taylor, president of North Dakota Mill & Elevator, told the state Industrial Commission that flour shipments rose 8% during the quarter, to 2.81 million cwts.
The mill sells mostly bakery flour that is used to produce bread, rolls, pizza dough, bagels and other products. It also markets semolina and durum flour, which is used to make pasta.