Operating profit jumps at Arrabawn

ARRABAWN Co-op generated an operating profit of €4.1 million in 2007 against €836,000 in the previous year, the society’s annual general meeting was told in Nenagh, Co Tipperary, yesterday.

Chairman Patrick McLoughlin also reported that turnover for the year was €178 million, up from €132m. The retained profit for the year after exceptional items, interest, other income and tax, was €3.9m. This compares with €2.5m in 2006.

Dairy Division turnover was €121.3m, up by €35.4m, and Trading Division turnover was €56.8m, an increase of €10.3m on the previous year.