Ornua 2014 pre-tax profits surge to €28.1m
Ornua is the former Irish Dairy Board
Pre tax profits at Ornua, formerly the Irish Dairy Board, jumped by almost a quarter last year to more than €28m.
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.”