Arrabawn’s profits down as it keeps milk price high

Arrabawn Co-op has reported a €2.1m operating profit for 2015, a year when it processed record milk volumes for its 102-year history, with 353m litres handled, up 46m litres on 2014.

While operating profits were down from the €4.4m achieved in 2014, the processor did support a strong milk price for its suppliers in a hard year for dairy, with a 2015 average milk price of 30.3c per litre.

Arrabawn CEO, Conor Ryan, said: “We’ve managed to deliver a very solid performance. The co-op’s balance sheet is very solid, with total capital and reserves going from €42m to €44m., further underlining the strong performance.”