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Profits at Tirlán fell 5% last year amid difficult market

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Business,Agribusiness,Tirlán

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."

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