Profits at Tirlán fell 5% last year amid difficult market

Operating profits at farmer owned dairy and grain co-op, Tirlán, fell by 5% to €68.3m last year, on the back of lower revenues.

"The challenges faced by both the sector and farmers last year were unprecedented," said Tirlán chairperson, John Murphy. The organisation, which owns brands such as Avonmore, Kilmeaden, MyMilkman.ie and the Truly Grass Fed range, paid a dividend of 19.058 cent per share to its members for the period, totalling €6.5m.

Mr Murphy added that a series of business decisions taken by the organisation in recent years provide a strong foundation for growth. "In addition, our new Governance Academy will help to build deeper knowledge of our Co-op for the future."

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ireland to pull investment from six Israeli companies operating in illegal settlementsIreland is to pull its investment in six Israeli companies operating in the Occupied Palestinian Territory.
Source: NewstalkFM - 🏆 19. / 55 Read more »

State investment fund pulls out of Israeli companies operating in illegal settlementsNTMA says value of funds in six companies is under €3m and and says it will keep other investments in region ‘under review’
Source: IrishTimes - 🏆 3. / 98 Read more »