Record profit for N.D. state flour mill: $13.2M
BISMARCK, N.D. (AP) — After two straight years of losses, North Dakota's state flour mill has posted a record profit of almost $13.2 million.
BISMARCK, N.D. (AP) — 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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