Carbery profits fall 13.7% to €4.4m

IT wasn’t just the mighty Kerry Group that suffered under the lash of higher energy charges last year.

Carbery Group, owned collectively by the four West Cork co-ops said more expensive energy was among the key factors that upset its performance in 2006, while the group also suffered from weaker cheese markets.

Earnings before interest, tax and goodwill amortisation of €7 million were achieved represented a fall of €600,000 on the 2005 figure of €7.6m.