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Glenisk revenues up as market share rises

IRISH organic yoghurt producer Glenisk recorded a revenue boost of 27pc to €14m.

The family-owned company, which employs 50 people, recorded revenues of €11m in 2010, climbing 27pc to €14m last year.

Accounts for 2011 have to be filed and director Gerard Cleary said that the group's share of the overall yoghurt market has more than doubled.

Accounts filed with the Companies Office show the firm recorded a modest profit of €1,185 in 2010 after recording a pre-tax loss of €129,560 in 2009.

The 2010 profit takes account of non-cash depreciation costs of €722,886 and R&D costs of €457,048.


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