Lakeland’s profits up despite Brexit concerns

Lakeland Dairies has reported an operating profit of €17.5m for 2018, up from €16.8m in 2017, while highlighting Brexit outcomes as the main uncertainty for the year ahead.

The cross-border dairy processing co-op’s figures are based on group revenues of €810.5m for the year, up 5.3%, from €769.8m, in 2017. The three main divisions all increased revenues in 2018: food ingredients (4.6%) to €489.9m, foodservice (3%) to €246.9m, and agri-trading (19%) €73.7m.