NENAGH Co-op has reported good growth in 1995, with pre-tax profits up over one-third to £1.55 million on sales of £75 million. Operating margins improved from 1.7 per cent to 2 per cent, reflecting the strength of the market for dairy products in 1995.
Most of the £11 million increase in sales was due to the milk processing deal with Mid West Co-op, with Nenagh processing 25 per cent more milk as a result of this link-up. The group has no debt and has net cash of £1.83 million and £1.67 million in Irish dairy Board convertible loan stock.
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