Farmer owned milk buyer and processor First Milk has reported reduced profitability on higher revenues from its latest full year’s trading. The Glasgow-based co-operative made an operating profit of £5.10 million on revenues of...
Ornua
First Milk results up despite “politics and Brexit”
Farmer owned milk processor and cheese manufacturer First Milk has reported increases in profit and revenues form its latest full year of trading, despite what it calls a “year dominated by politics and Brexit, leading to a lack of clarity and uncertainty throughout...
Ornua predicts global dairy market growth for 2019
Ornua, Ireland’s third largest milk processor and its largest dairy products exporter, has reported a 15% increase in profitability on 0.6% higher sales from 2018. The co-operative, trading as the Irish Dairy Board until its rebrand in 2015, made an operating profit...
Lakeland and LacPatrick to merge
Lakeland Dairies and LacPatrick Dairies, two co-operative milk processing businesses that operate on both sides of the Irish border, are to merge into a single business with revenues in excess of €1 billion, subject to member and regulatory approval. Shareholder...
Second year of growth for First Milk
Co-operative dairy business First Milk has reported a reduced profit on higher sales from its latest full year of trading. The business made a net profit of £3.2 million on revenues of £252.7m in the year ended March 31st 2018, compared to £6.05m and £206.5m in the...
