Creamery back in black

A restructuring of its core business helped Donegal Creameries return to profit last year.

The group — which re-positioned itself as a broad agri-services business via the sale of its liquid and trade milk and agri-stores businesses in 2011 — had earmarked 2012 as a year of consolidation.

Annual results, published yesterday, show that the Letterkenny-headquartered group posted pre-tax profits — before exceptional items — of €4.65m in 2012; up from a pre-exceptional/tax loss of €2.79m in 2011.