Monaghan Mushrooms profits slide

MONAGHAN Mushrooms, one of the largest producers of fresh and processed mushrooms in Europe, says it has experienced another difficult year, with profits dropping once again in 2006.

The company, a joint venture between the Wilson family and Donegal Creameries and the Connacht Gold Co-op, recorded pre-tax profits of €1.6 million in 2006, down from €1.8m in 2005, according to accounts just filed at the Companies Registration Office.

Turnover for the year was up from €121m to €128.9m, though this was due to growth at the company’s British operations.