Dairygold Co-op’s operating profits soar to €18.9m as sales rise sharply

DAIRYGOLD CO-OP’S operating profits rose sharply to €18.9 million from €11.8m in 2009, while sales increased to €693.6m, up €138.4m on the previous year.

Profits were further boosted by share trading activities undertaken by the co-op to part finance the planned acquisition of a range of properties from Reox Holdings

That resulted in a flow of additional income of €7.3m, pushing the total operating profit up to €26.2m for the year.