Pre-tax profits at Dairygold Co-op fall to €16.85m
However, the co-op delivered operating profit on its core activities of €20.6m for the year ended Dec 2012, having paid out a €4.3m year-end bonus to its milk suppliers and customers.
The bonus comprised a 0.35c per litre top-up payment on all 2012 milk and a milk production subsidy/refund of €5 per tonne on animal feeds sold to suppliers. Its earnings before interest, taxation, depreciation and amortisation of €38.1m are largely in line with 2011.
