Co-op’s operating profits hit €4.24m

ARRABAWN Co-op, which is headquartered outside Ballinasloe, Co Galway, generated operating profits of €4.24 million before exceptional items last year against €1.26m in 2009.

Chairman Michael Flaherty announced the figures at the group’s AGM in Nenagh yesterday.

It was gratifying to report a significant improvement in the financial performance of the group for last year, Mr Flaherty said.