Drive for efficiency could see up to 70 jobs reduced by ‘attrition’
Cork-based dairy processor Dairygold has reported a slight increase in revenue and profit for 2024 on the back of improved dairy market conditions.
It comes despite a slight reduction to overall milk output alongside lower feed and milk prices.
The State’s third largest milk processor said turnover rose by €10.6 million (0.8 per cent) to €1.43 billion in 2024, following a €254.7 million drop in revenue during 2023 due to market conditions.
Dairygold’s financial performance was described as “satisfactory” by the company.
Operating profit grew at the co-operative to €37.1 million, or 55 per cent, on the €23.9 million made in 2023, though still lagging behind the €40 million profit in 2022.
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