Donegal Creameries has posted a 6.9 per cent rise in first-half pretax profit to €3.47 million against €3.25 million last year.
For the six months to the end of June, sales fell 4.4 per cent to €67.6 million from €70.7 million, due to reduced prices from the sale of manufacturing milk, reflecting lower commodity dairy prices during the period.
Operating profits decreased 7.1 per cent to €2.67 million, while earnings per share rose to 28.2 cents from 27.0, and net asset value per share excluding minority interest climbed to €3.44 million against €3.16 last year.
An interim dividend of 5.0 cents is proposed, against 4.75 pence last time.
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AFP