Dairygold reports record €1.65bn turnover after ‘extraordinary year’ for dairy prices

Operating profit of €40.2m was delivered by Cork's Dairygold on the back of 'unprecedented' market returns 

Pictured at the announcement of the Dairygold 2022 annual results are Seán O’Brien, Chairman, Dairygold, Ann Fogarty, Group Company Secretary, Michael Harte, Chief Financial Officer and Conor Galvin, Chief Executive.

Cork's Dairygold Co-operative saw turnover reach a record high of €1.65bn last year, up over 40% since 2021 after the society maximised unprecedented market returns.

Operating profit rose by more than a third to €40.2m, up by just under €10m from the previous year, which the company said was achieved against a backdrop of "considerable volatility and inflationary pressures."