Carbery Group reports 32% jump in profit thanks to improved dairy market

Hugh Dooley - The Irish Times - 08:26
Co-op paid second highest average milk price on record to its farmers after extremely wet start to year

Pretax profit rose almost 32 per cent to €21 million at dairy group Carbery last year as improved dairy market conditions bolstered the group’s performance.

Revenue at the Cork-based producer of Dubliner Cheese and Carbery Cracker cheddar, rebounded to €668 million in 2024 following a significant contraction in the dairy market in 2023 in which revenue for Carbery Group had dropped by nearly €85 million to €616.1 million.

After challenging climatic conditions at the start of 2024, the dairy group’s chairman warned that “milder, but longer and wetter winters and springs may be the norm”, noting that the company would have to factor these changes in climate ...
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