Companies

Turnover and profits decline at Tirlán amid ‘difficult’ period for farmers

Over 422,000 tonnes of dairy ingredients were sold to markets worldwide

Michael Horan, chief financial and secretariat officer; Jim Bergin, CEO; John Murphy, chairperson; Seán Molloy, CEO cesignate and Lisa Koep, chief ESG officer. Picture: Dylan Vaughan

Turnover at Tirlán fell 17 per cent last year to €2.53 billion, according to the latest results from the company. The co-operative said the fall from record highs came as a result of a decline in global dairy markets.

Operating profits were €68.3 million, a reduction of 5 per cent year-on-year, due to a number of factors including inflationary pressures and the commitment of the organisation to supporting farmers through a “difficult” period, the company ...