Irish Dairy Board reports 87pc hike in profits
THE IRISH Dairy Board has reported an 87pc hike in pre-tax profits for last year to €22.8m.
Sales were up 5pc to €2.1bn.
Following a droupght in New Zealand and the longer European winter, a milk scarcity arose and prices were pushed up, especially in the first half of the year, boosted also by growing demand from China.
It is also debt free.