Milk prices impacts on Aurivo profits

Aurivo has published its full-year financial results for 2018 which show that profits are down by 23% to €3m.

The results show however that sales rose 4pc to €443.8m.

The co-operatively owned agri-foods business is best known for brands including Connacht Gold and Donegal Creameries and is headquartered in the North West of Ireland

2018 saw the largest investment in the history of the co-operative with new capital investment of €22 million, which is the start of a €48 million five-year investment programme.

Chairman of Aurivo Pat Duffy says milk prices last year lead to a drop in profits.

And on the markets the euro is trading at $1.125 and at 0.865 sterling