€2m Tipperary Co-op profits in tough year for dairy

Tipperary Co-op reported a trading profit of €2m for 2015, from a turnover of €175.6m, with strong retail sales driving a solid performance in a challenging year globally for dairy.

The co-op’s figures were down slightly on 2014, when profits were at €2.175m and revenues were at €190,875. The co-op says it passed on the savings it made from savings to its 1,800 shareholders and 400 milk suppliers, to whom they also paid a competitive price for their supply.

Co-op chairman Richard Donovan said: “I’m pleased with our product and market development in cheese and whey. The collapse in global dairy markets has been lessened for Tipperary Co-op by increased efficiency gained by processing an increased volume of milk.”