Robert Wiseman has revealed annual profits surged 60% to a record £49.2million. The East Kilbride-based dairy said the results were boosted by a rise in cream prices and a £1.9m cut in a fine imposed by the Office of Fair Trading. Wiseman produces almost a third of the UK's fresh milk, with record sales in the year to April of 1.8 billion litres. A fine relating to an investigation into price fixing was reduced from £6.1m to £4.2m. In July Alan Wiseman is due to be replaced as chairman by his brother Robert.