Glenisk projects revenues of €18m

Organic yoghurt maker Glenisk, led by Vincent Cleary, one of the stars of RTÉ’s The Secret Millionaire, is on track to expand the size of its business by almost 30% this year.

Mr Cleary yesterday confirmed projected revenues of €18m in 2012 after new accounts show pre-tax profits at the Glenisk group declined by 15% from €181,072 to €154,550 in the 12 months to the end of December last.

The Co Offaly-based family-owned firm recorded the decline in profits in spite of increasing revenues by 19% from €11.8m to €14m last year.