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Published on April 7th, 2017 | by BoyleToday.com

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Aurivo profits increase by 25%

Aurivo, the globally focused agri business has announced financial results for the financial year ended 31 December, 2016.

While 2016 brought with it a number of significant challenges, namely continued global milk price difficulties and Brexit, Aurivo is pleased to report that the business, with a focus on long term sustainability, performed strongly in terms of revenue generation, profitability and business development.

Financial summary:

Group annual revenues at €391m – (2015: €420m)
Group operating profit (before exceptionals) at €3.56m – (2015: 2.84m)
Consumer Foods revenues at €88.4m – (2015: €80.4m)
Dairy Ingredients revenues at €102.1m – (2015: €99.5m)
Agri Business revenues at €97.2m – (2015: €101.4m)
Marts revenues at €78.5m – (2015: €86.5m)
Other activities at €24.8m – (2015: €52.1m)

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