Profits increase at Connacht Gold

CONNACHT Gold Co-op has reported a 13% rise in turnover and a sharp increase in pre-tax profits.

The group benefited from the agriculture upturn and the disposal od a property that pushed pre-tax profits to €5m from €1.8m in the year to the end of December 2010.

Turnover at the dairy, consumer foods and agri-business co-op reached €300m in 2010 compared to €264m in 2009.