Profits turn sour at creamery

DONEGAL Creameries maintained its dividend payments despite a 54% fall in post-tax profits to €1.74m.

Profits turn sour at creamery
Wed, 01 Jun, 2005 - 01:00
Conor Keane

More worryingly for the company, operating profits fell by 87% to just €643,000 for the year ended December 31, 2004.

Turnover fell by 12% to hit €118.33 million (2003: €134.45m), according to accounts released yesterday.

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