Northern Ireland’s largest milk processor, Lakeland Dairies, continues to consolidate following the LacPatrick merger, with operating profits for the year to 26 December 2020 up 27% to a new record high of £23.48m.

Turnover was also at a new high, increasing 5.7% to end the year at £985m. Operating profit margin has widened out from 2% in 2019 to 2.4% in 2020.