Companies
Turnover and profit fall at Dairygold due to ‘significant’ decline in market returns
Operating profit at the Cork-headquartered co-op fell to €23.9 million
Turnover at Dairygold, Ireland’s largest co-operative, fell to €1.4 billion last year, a decrease of €254.7 million on 2022, according to the latest results from the group.
The co-op said the decline was primarily due to the “significant fall” in market returns over the course of last year.
Operating profit at the Cork-headquartered co-op fell to €23.9 million, down 40 per cent year on year, while the group’s earnings before deductions was €55 million in ...