Carbery group milking profits from vodka

Carbery Group has reported a jump in pre-tax profits of €5.3m for 2003, up from €3.9m the previous year.

The group, which is owned by four West Cork co-ops, said that the 2003 profit figure includes an exceptional profit of €800,000 on the sale of part of its stake in Roaring Water Bay Spirits Company, which produces the Boru vodka range.