Sign in to your account
Forgot / Reset Password? Click here
Not registered with Farmers Journal? Register now to read 5 Member articles for FREE
Or

To redeem your unique loyalty code from the print edition click HERE
Just one final step...
You must confirm your email address by clicking on the link we’ve sent to your email address.
You are only one short step away from reading...
Ornua profit should support farmers – IFA
Register below to read FIVE Member articles
for free per month.
Or to redeem your unique loyalty code
from the print edition click HERE
Only takes a second!
Already registered with Farmers Journal? Sign in
By registering an account you agree to our Privacy Policy and Terms of Service.
By registering an account with us you will also be subscribed to our email newsletter list. You can unsubscribe anytime.
code

Ornua profit should support farmers – IFA

By on
The IFA has called on co-ops participating in Ornua to use the strong profit reported this Wednesday to support members.
The IFA has called on co-ops participating in Ornua to use the strong profit reported this Wednesday to support members.

Ornua posted a near doubling of its pre-tax profit and and a one-third increase in operational profit for its 2017 financial year.

“We are very clear that farmers have contributed significantly to this very strong performance by our main exporter," said IFA dairy chairman Tom Phelan.

Ornua announced Wednesday that it would pay a €15m dividend to its member co-ops, up from €9.5m for 2016. This is in addition to access to syndicated bank credit negotiated last year.

"We urge co-ops to use the bonuses we understand they will be paid in April to support farmers through a the more challenging year ahead, after a long cold winter and late, snowy and icy spring have taken their toll,” Phelan said.

Read a full analysis of Ornua's annual results in the Irish Farmers Journal on Thursday.

Read more

Milk cheques slashed by millions

Related tags
Related Stories
Member
LacPatrick on the market
POSTPONEDNEW DATE 19/05/18DISPERSAL SALE previously advertised for SAT 2...
Co. CAVANFLECKVIEH & FRIESIANMILKING HERD+ YOUNGSTOCKDISPERSAL SALE81 ...
dairy cattle• Calved and in-calf,bullers, etc• No commissionscharg...
Co. TYRONEDUNGANNON DAIRY SALE141 HEADNEXT THURS 19/04/18 @ 11.30AM ...
including current No.1 bull Waban. Largest selection. Celtic Sires...