Carbery profits climb as strong dairy market drives growth

Carbery Group has reported pre-tax profits of €31m for 2017, up from €27.1m in 2016, with group turonover up 22.7% to €417.3m from €340m in the previous year.

The West Cork-based company says this growth is spread across its strategic dairy, nutrition and taste business platforms, with global sales growth managed from its operations in Ireland, UK, USA, Brazil and Thailand. Carbery’s 2017 revenue came from dairy (53%), ingredients (45%) and alcohol (2%).