Dairygold reap benefits of cutbacks

DAIRYGOLD shareholders will gather for their annual and special general meetings on Friday week with a 114% improvement in operating profits to re-assure them, after the worst year in the co-op's 14 year old history.
Dairygold reap benefits of cutbacks

At the announcement of results for 2003, chief executive Jerry Henchy said the beleaguered group has achieved its financial targets and begun the process of transformation to a business capable of competing on world markets.

He predicted completion of an ambitious re-organisation process within about four years, re-focusing on higher margin consumer foods business, particularly branded cheese. The company has also confirmed its plan to become a lead player in the national home DIY and hardware retail sector.

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