Farm Ireland
Independent.ie

Tuesday 6 December 2016

Ornua 2014 pre-tax profits surge to €28.1m

Ornua is the former Irish Dairy Board

Published 21/04/2015 | 07:40

Kevin Lane, head of Ornua, formerly the Irish Dairy Board.
Kevin Lane, head of Ornua, formerly the Irish Dairy Board.

Pre tax profits at Ornua, formerly the Irish Dairy Board, jumped by almost a quarter last year to more than €28m.

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This compared to a pre-tax profit of €22.8m in 2013.

Turnover at the firm was also up by 10pc, rising to €2.3bn compared to €2.1bn the year before.

On the back of the increase, a €12m bonus was declared to members, including a cash bonus of €7.5m, up 15pc on 2013.

Ornua CEO Kevin Lane said: “In addition to an excellent financial performance, 2014 was a year in which we significantly increased the capacity of our business through brand growth, innovation and in-market investment.

“We enter into this new era for Irish dairying in an excellent position, with a strongly performing organisation, geared for growth.”

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