Good outcome for Co-op

A good performance in difficult trading conditions was how North Cork Co-op Creameries chairman Seamus Walsh described the society’s results for 2003.

Operating profits were €395,000 (before rationalisation) on a reduced turnover of €19.6m. The reduction in turnover was attributed to a downturn in product prices experienced earlier in the year, but which later recovered.

Mr Walsh said the past year was overshadowed by the impending introduction of the CAP reform proposals by EU Farm Commissioner Franz Fischler.