Pre-tax profits up 20% to €22m

Dairygold Co-op has reported pre-tax profits of €22.3m for 2011, up by about 20% on its 2010 profit of €18.2m.

Turnover at the Cork-based co-op was €757.8m, up 9.3%, or €64.3m, on the previous year.

The increase was generated across the main business activities of dairy processing and agri-trading.