Cork Marts turnover reaches €6m

TURNOVER in the Cork Marts Group increased last year but group profits fell slightly due to higher interest charges.

According to the society’s annual report, turnover rose by €906,000 to €6 million. Income from its core livestock and property auctioneering business rose slightly by €30,000 to €3.85m.

The balance of €2.15m came from the more recent business of property development. This was an increase of €876,000 on the previous year.