Arrabawn's profits and earnings up for 2020 : vimarsana.com

Arrabawn's profits and earnings up for 2020


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Arrabawn is currently further developing the Nenagh town site to allow better access for lorries into the plant.
At the release of the its annual report for 2020, Arrabawn reported increased turnover, increased profits and better milk prices for suppliers.
Turnover at Arrabawn Co-op was up by €12.8m to €278.4m, with EBITDA (earnings before interest, taxes, depreciation, and amortisation) climbing to €10.4m, an increase of €2.9m (37%) on 2019. Operating profit for the year was €2.68m. This was before an exceptional charge of €1.1m due to a restructuring and product recall at Arrabawn's liquid milk facility. Net debt was reduced by €3m.

Related Keywords

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