| | Kerrygold buoys FY profits at Irish Dairy Board |
 | | The Irish Dairy Board (IDB) has shrugged off slashed CAP subsidies and taken advantage of favourable international trading conditions to notch up a steady increase in both profits and turnover during 2004 trading, Tom Armitage reports. |
 | | Noel Cawley, IDB's managing director, said earlier this week that the board's 2004 turnover increased 4.5 per cent to 1.896 billion, compared to the previous year, while pre-tax profits increased 3.8 per cent to 37.9 million. |
 | | The board said that DPI, its US distribution service, had become one of the US' largest speciality food distribution services (the subsidiary's turnover came in at 605 million, a 16.8 per cent increase over the previous year) and deals with major US multiple retailers had helped it secure the Kerrygold brand a prominent retail positioning. |
| www.foodanddrinkeurope.com /news/news-ng.asp?n=60120-kerrygold-buoys-fy (422 words) |