Donegal Creameries reports profits boost

Donegal Creameries reports profits boost

Donegal Creameries has reported a near six-fold increase in half-year profit to €3.6m thanks partly to an increase in milk prices.

Turnover increased by 4.9% to €60.6m, with profit before tax increasing from €1.5m to just more than €4m.

The Group’s balance sheet showed with total assets of €111.7m, net asset value per share of €6.07 and shareholder’s equity of €62.5m. Net debt has decreased by 9.3% to €20.1m.

Basic earnings per share for the period ended June 30, 2010 were 35.7 cent increasing from 6.8 cent for the period ended 30 June 2009.

An interim dividend of 7 cent per share will be paid on December 3, 2010 to shareholders on the register on November 12, 2010.

More in this Section

Central Bank chief warns any form of Brexit will be damaging for IrelandCentral Bank chief warns any form of Brexit will be damaging for Ireland

Dyson advert banned over ‘misleading’ hose length claimDyson advert banned over ‘misleading’ hose length claim

Aston Martin unveils first SUVAston Martin unveils first SUV

EasyJet shares fly higher despite profit turbulenceEasyJet shares fly higher despite profit turbulence


Lifestyle

Ed Power says there are some terrific children’s movies to enjoy as a family so sit back and get zapping.The best children's movies to enjoy as a family this winter

Stephen Rea is one of the people behind a book that pairs artists and writers with people in the controversial refugee system, writes Colette SheridanShedding light on Direct Provision

This week I am going to devote my entire column to cakes and baking.Darina Allen on cakes and baking: Buy the finest ingredients and always use butter

WE went shoe shopping for the kids at the weekend. To be honest, I couldn’t see anything wrong with the old shoes.Learner Dad: 'I’m afraid of being in a shop with my kids'

More From The Irish Examiner