News Formal

Profits at Tirlán fell 5% last year amid difficult market

  • 📰 RTEbusiness
  • ⏱ Reading Time:
  • 31 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 61%

News News

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

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."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 16. in CA

Canada Canada Latest News, Canada Canada 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 »