Dairygold Food Ingredients UK show the business saw a 15% increase in pre-tax profits in 2018 to £1.3m (€1.5m).
ADVERTISEMENT
Dairygold Co-op recorded healthy profit growth in its UK dairy ingredients business last year. Accounts recently filed for Dairygold Food Ingredients UK report the business saw a 15% increase in pre-tax profits in 2018 to £1.3m (€1.5m).
Operating profits in the business increased 13% to £1.9m (€2.2m), as operating profit margins widened from 1.5% in 2017 to 1.7% last year. Dairygold said the increase in profits last year was due to lower operating costs. The accounts show administration costs for Dairygold’s UK business were down 4%, or almost £0.5m (€0.6m), last year.
Dairygold Food Ingredients UK saw its turnover increase a modest 1% last year to £114.4m (€133m). This was mainly due to higher prices for dairy commodities. Dairygold operates from two facilities in the UK, located in Leeds and Crewe, supplying formatted cheese solutions to the UK’s ready meals and food manufacturing sectors.
ADVERTISEMENT
The Leeds facility is the largest soft cheese manufacturing site in the UK, while the Crewe facility is able to process close to 25,000t of cheese per annum.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Dairygold Co-op recorded healthy profit growth in its UK dairy ingredients business last year. Accounts recently filed for Dairygold Food Ingredients UK report the business saw a 15% increase in pre-tax profits in 2018 to £1.3m (€1.5m).
Operating profits in the business increased 13% to £1.9m (€2.2m), as operating profit margins widened from 1.5% in 2017 to 1.7% last year. Dairygold said the increase in profits last year was due to lower operating costs. The accounts show administration costs for Dairygold’s UK business were down 4%, or almost £0.5m (€0.6m), last year.
Dairygold Food Ingredients UK saw its turnover increase a modest 1% last year to £114.4m (€133m). This was mainly due to higher prices for dairy commodities. Dairygold operates from two facilities in the UK, located in Leeds and Crewe, supplying formatted cheese solutions to the UK’s ready meals and food manufacturing sectors.
The Leeds facility is the largest soft cheese manufacturing site in the UK, while the Crewe facility is able to process close to 25,000t of cheese per annum.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS