Revenues at yoghurt maker Glenisk surpass €20m
Co Offaly-based, family owned company posted a gross profit of €6.9 million for 2015
Vincent Cleary of Glenisk. Revenues at the organic dairy food company increased 4 per cent to €20.4 million last year. Photograph: Frank Miller
Revenues at organic dairy food company Glenisk increased 4 per cent to €20.4 million last year, according to accounts filed with the Companies Registration Office.
The accounts lodged by Cordagrove Ltd show the company posted a gross profit of €6.9 million for 2015, and an operating profit of €834,980. This compares with an operating profit of €603,607 the previous year.
Staff costs at the Co Offaly-based family owned maker of yoghurt and other dairy products rose from €2.8 million to €3 million during the year, while emoluments for directors increased to €422,077.
The accounts also show a dividend of €250,000 was paid during the year.
The directors report noted the company, which was established in 1987, plans to develop new products and increase its market share.