Milk prices set to remain low warns Lakeland Dairies chief

Dairy farmers can expect another 12 months of low milk prices, Lakeland Dairies chief Michael Hanley has cautioned.

However, despite challenging markets, the Cavan-based co-op has reported 2015 pre-tax profits of €12.8m, a 10% rise on 2014.

Group revenues for the year amounted to €588.5m, a 6% drop for the year. The company closed the year with shareholders’ funds of €109m.