Donegal reports €2m profit despite challenges

Donegal Investment Group has reported €2m in half-year post-tax profits, up €900,000 versus 2014, despite a €100,000 dip in group revenue.

The Dublin-listed firm, which rebranded from Donegal Creameries in 2013, says an increase in revenue from its speciality dairy business was offset by the cessation of ware potato trading in its Donegal Potatoes business in 2014.

“The board is satisfied with the first-half performance,” said Donegal chairman Geoffrey Vance.