Glenisk feels burn from production plant fire with €1.38m loss

The pre-tax loss for 2023 followed a pre-tax profit of €5.14m for 2022, but the 2022 profit was skewed by €10.8m in 'other operating income' that was mainly made up of an insurance payout

Revenues are still someway off the pre-fire record Glenisk revenues of €27.8m in 2020. Picture: Niall Carson/PA Wire

Organic yogurt maker Glenisk last year recorded a pre-tax loss of €1.38m, continuing to count the cost of the "devastating" fire that destroyed the company’s main production plant in 2021.

New consolidated accounts filed by the Offaly-based Cordagrove Ltd show that the Glenisk business recorded the loss despite revenues increasing by 49% from €11.67m to €17.4m.