Tipperary Co-op suppliers to receive year-end bonus for 2013 milk

Tipperary Co-op’s trading profits rose 21% to €1.8m during 2013, boosted by sales of €168.5m and a strong balance sheet as suppliers prepare for post-quota expansion.

The co-op has a cash inflow of €3.8m. Its suppliers are to receive a year-end bonus of 0.25c per litre for all 2013 milk. It also plans to issue additional bonus shares to the value of €200,000 to its milk supplier shareholders in relation to their 2013 milk supply.

The Tipperary board said suppliers have engaged with the Sustainable Dairy Assurance Scheme, which it cites as a “further confirmation of commitment to the quality and sustainability requirements of our customers”.