REPUBLIC OF IRELAND: Donegal Creameries posts strong H1 growth
The smallest food company listed on the Irish stock market has posted strong increases in its financial results for the first six months of 2001. Donegal Creameries revealed that while pre-tax profits were up 12.6% to €3.2m (US$2.94m), turnover during the H1 was up by almost 9% to €70.7m. Operating profits reached €2.8m from €2m, a jump which resulted in an increase in operating margins to over 4% from 3.1%.
Donegal Creameries revealed that while pre-tax profits were up 12.6% to €3.2m (US$2.94m), turnover during the H1 was up by almost 9% to €70.7m. Operating profits reached €2.8m from €2m, a jump which resulted in an increase in operating margins to over 4% from 3.1%.
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