Ornua profits soar on the back on Kerrygold sales

10 million packets of butter and cheese sold each week last year

Ornua said the performance was achieved against the backdrop of a complex trading environment dominated by Covid-19, market volatility, and the challenges of Brexit and punitive US tariffs.

Profits at dairy giant Ornua soared by 69.2% last year on the back of strong sales for its iconic Kerrygold brand and its ingredients business.

For the 12 months to the end of December, Group turnover reaching €2.3bn with earnings before interest and tax growing 49.6% to €107.4m and operating profit increasing to €83.1m.