Lakeland Dairies reports double-digit growth in profits
The farmer owned dairy co-op recorded a 27 per cent increase in operating profits in 2020 despite the challenges created by the pandemic
Lakeland Dairies, the farmer-owned dairy co-op based in Co Cavan, recorded double-digit profit growth last year despite the impact that Covid-19 had on its food-service business.
Announcing full year results, Lakeland Dairies recorded a 27 per cent increase in operating profits last year to just over €26 million, as operating profit margins in the business widened to 2.4 per cent.
Lakeland reported earnings (EBITDA) of €50.5 million for 2020, which is up 18 per cent on the...
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