Profits up for Connacht Gold
Published 03/05/2011 | 05:00
Connacht Gold has reported a 13pc increase in turnover and an operating profit of just over €2m for last year.
Turnover at the co-op reached €300m last year, compared to €264m in 2009. Property disposals boosted the co-op's pre-tax profits to €5m last year, compared to €1.8m in 2009.
Chief executive Aaron Forde said the increased turnover reflected growth in all areas, including consumer foods, agribusiness sales and a record year for the livestock marts business.
Tainted milk seized in China
Chinese police have seized 26t of melamine-tainted milk powder from an ice cream manufacturer in the south of the country.
Five suspects were arrested and detained by police following the discovery, according to local media reports.
The seizure follows hot on the heels of the deliberate poisoning of milk at a dairy in the northwest of the country that caused the death of three toddlers in recent weeks.
Coveney invited to IHWT event