Profits at Munster processor Dairygold jump 55% to €37.1m

Turnover at Munster-based co-operative was €1.4bn in 2024

Dairygold chief executive Michael Harte, Ann Fogarty, head of corporate affairs, governance and secretarial, and chair Pat Clancy announcing the Dairygold Annual Results 2024. Picture: Gerard McCarthy

Operating profits at Munster-based dairy processor Dairygold increased 55% to €37.1m in 2024, the cooperative announced on Tuesday.

Turnover at Dairygold Co-Operative Society was €1.4bn in 2024, up €10.6m on 2023, reflecting increased dairy market returns. Dairy performance was also boosted by higher milk prices, and lower energy costs but milk production was down 2.1%, with 1.38bn litres of milk collected and processed from farmers.