Valio net sales for 2011 rose to MEUR 1,929, although the volume of raw milk taken in fell by 1.5% to 1,870 million litres. Valio generated a record high milk return of 45 cents/litre (2010: 41.1 c/l) for the milk produced by its owners. Preliminary profit after taxes stood at MEUR 53 (2010: MEUR 39).