Agritrade declines at Golden Vale

12 February 1998

Agritrade declines at Golden Vale

GOLDEN VALES agritrading division saw a fall in revenue from IR£45 million to IR£40m last year. Good quality grazing coupled with quota restrictions reduced feed volumes, the company reported.

But the Irish dairy co-operatives total pre-tax profits rose from IR£6.2m to IR£16.2m, reflecting its increased reliance on higher-margin consumer products such as cheese. Turnover was flat at IR£565m, compared with IR£561m last time.

Jim Murphy, managing director, said Golden Vale was actively pursuing acquisitions in traditional markets and new consumer product areas.

• Financial Times 12/02/98 page 17
  
• The Times 12/02/98 page 26
  
• The Daily Telegraph 12/02/98 page 34