Drinagh Co-op's profits up as milk output rises

West Cork-based Drinagh Co-op increased its operating profit of €0.8m during 2018, with the creamery’s milk volumes up 6% versus 2017, its mill output up 30% and store sales up 10%.

Drinagh’s milk is processed at Carbery Foods Ingredients Ltd, in which it holds a 35% share. Drinagh is one of four co-op’s serving Carbery.

Drinagh chairman, TJ Sullivan, said: “In 2018, our industry was negatively impacted by extreme weather conditions - heavy rain in spring and drought in summer. Overcoming these and indeed be in a position to report successes makes this an exceptional year. We are delighted to report an increase in operating profit and that our milk supply for this year increased by 6.1% on 2017 to 197.9 million litres.”

Mr Sullivan said he recognised the contributors to that success. Some 51 of Drinagh’s suppliers received the CellCheck Milking for Quality award, which is given to the top 500 suppliers in the country. The board rewarded this commitment to quality with a bonus of 0.5c per litre on 2018 milk supply.

“We have some of the best suppliers in the country, combined with loyal customers and staff who are willing to go above and beyond to keep the feed supplied and the milk collected during the difficult conditions means we are in a position to report a good news story today,” he said.

Last July, Drinagh opened its new €3.75m feed mill extension in response to a growing need for animal fodder when he officially. At the opening, An Taoiseach, Leo Varadkar, praised the co-op for its commitment to investment in innovative technologies.

Founded in 1923, Drinagh Co-Op is owned by its 2,000 shareholders and employs a staff of 260, making it a significant contributor to the local economy in West Cork.

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