Profit & Loss

Profit & Loss: Carroll’s meats’ tasty dividend and energy costs bite for Lir Chocolates

Revealing who is up and who is down as we go inside the world of Irish businesses

Carroll Cuisine reported an 18 per cent decline in pre-tax profits for 2022 to just under €6.2 million. Picture: Patrick Bolger

Carroll’s Cuisine cooks up a tasty dividend for Canadian owners

The Canadian owners of Carroll Cuisine, the Tullamore-based cooked meats business, have extracted close to €30 million in shareholder dividends since acquiring the company two years ago, new accounts show.

Sofina Foods, an Ontario headquartered company that operates more than 20 meat processing plants globally and employs about 5,000 people, first acquired Carroll Cuisine in 2021 as part of a wider deal to buy the ...