Profits at Donegal Creameries slumped in the first half of the year, despite a 13.5 per cent increase in revenue, as the company’s dairy division remained under pressure.
While Donegal Creameries’ agri-inputs and seed potato business saw a strong improvement in profits in the first half, the company’s share in the profits of Monaghan Mushrooms, in which it has a 35 per cent investment, dropped by about € 1 million to €1.3 million, although the company said it expects this fall in profits to be temporary.
