Europe, UK, Ireland, Seed

Irish seed potato group hit by COVID restrictions, but ‘cautiously optimistic’

Revenues fell by 8 per cent to €26.1 million at Donegal Investment Group last year as COVID restrictions hit demand for seed potatoes. As Charlie Taylor reports for The Irish Times, formerly Donegal Creameries, the group which last month completed the sale of its specialist dairy business Nomadic, said pretax profits slipped to €1.62 million from €1.69 million.

However, the company said profit after tax from continuing operations in its fiscal year to the end of August was €900,000 stronger than the previous year at €1.9 million.

Chairman Geoffrey Vance said the board was pleased with the performance of the seed potato business in a very challenging trading environment. He said the group was “cautiously optimistic” about the trading performance of the seed potato business for the 2021/22 season.

Source: The Irish Times. Full story here
Photo: The Irish Times

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