Dairygold announce 2013 financial results

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Dairygold recorded an operating profit of €27.3m on its core activities in 2013.

This profit represents a 33 per cent increase on 2012 profits and was generated after paying €7.5m in year-end bonuses to milk suppliers and trading customers. The overall operating profit, including share trading, was €27.9m, an increase of €7m on 2012. The co-op recorded its highest ever annual milk intake from its milk suppliers of 959m/L in 2013. According to Dairygold, this increased volume is seen as a good indicator of the desire of their milk suppliers for expansion, which is projected to increase by approximately 55-60 per cent, based on milk suppliers’ individual forecasts.