Dairygold suppliers deliver a record 1.4 billion litres of milk in 2019

Dairygold suppliers deliver a record 1.4 billion litres of milk in 2019

Dairygold delivered an annual turnover of €1.02 billion last year with the co-operative's 2,750 milk suppliers expanding milk production by 50 million litres.

The operating profit for the year was €35.8 million, an increase of €6.8 million (24%) on the 2018 operating profit of €29 million.

However, Dairygold said the rapidly evolving Covid-19 pandemic has the potential to have a significant negative impact on the business, operationally, commercially and financially.

The company said it is clear that EU support measures for the Irish dairy industry are needed.

With peak COVID-19 impact likely to coincide with peak milk processing, Dairygold said it is working with the other dairy processors to identify all options for co-operation and pooling of

resources.

The record 1.39 billion litres of milk supplied to the society last year represents a 65% increase since the abolition of dairy quotas in 2014.

Dairygold CEO Jim Woulfe: 'A decade of capital investment has now delivered significantly increased processing capacity.'
Dairygold CEO Jim Woulfe: "A decade of capital investment has now delivered significantly increased processing capacity."

Jim Woulfe, CEO of Dairygold, said: “Dairygold delivered a strong financial result in 2019, supported by robust performances across our Dairy and Agribusinesses and favourable property transactions. A decade of capital investment has now delivered significantly increased processing capacity and a more efficient dairy processing capability.”

More on this topic

Work on Farm Sustainability Programme postponed for at least two monthsWork on Farm Sustainability Programme postponed for at least two months

Stephen Cadogan: Improved farming has saved a billion hectares of forestStephen Cadogan: Improved farming has saved a billion hectares of forest

Farmers get €500,000 for hen harrier breeding successFarmers get €500,000 for hen harrier breeding success

Ireland ‘losing golden opportunity to market heather honey’Ireland ‘losing golden opportunity to market heather honey’


More in this Section

FBD digs its heels in on payment issue as Covid claim cases top 700FBD digs its heels in on payment issue as Covid claim cases top 700

Ryanair leads travel stock surge as holiday hotspots prepare to reopenRyanair leads travel stock surge as holiday hotspots prepare to reopen

Shares drive ahead amid hopes for lifting of Covid-19 global lock downsShares drive ahead amid hopes for lifting of Covid-19 global lock downs

France unveils €8bn plan to rescue ailing car industryFrance unveils €8bn plan to rescue ailing car industry


Lifestyle

The model mum took a coronavirus test in preparation for the procedure.Everything to know about breast implant removal, as Chrissy Teigen says she’s undergoing surgery

Cathal Coughlan is known for his part in Microdisney, but for many people his best output came with the harder-edged band he formed afterwards, writes Ed PowerB-Side the Leeside: The Fatima Mansions and the story of 'Viva Dead Ponies'

Limerick singer-songwriter Emma Langford recently released a new single ‘Mariana’ available to buy on Bandcamp, with all proceeds going to Safe Ireland.Question of Taste: Singer-songwriter Emma Langford

These jammy thumbprint cookies are dangerously moreish.Jammy thumbprint cookies recipe

More From The Irish Examiner