Kerry Co-op recorded a profit after tax of €8.2m last year compared to €10.8m in 2021.
The co-op, which is the largest shareholder in Kerry Group, released its annual report for last year.
Its balance sheet, up to the end of last year, shows Kerry Co-op having fixed asset investments worth almost €1.7bn (€1.693bn) down from €2.3 billion (€2.325 bn) in 2021.
The annual report also shows operating expenses – this includes over half-a-million euro (€509,050) for directors’ and former directors’ fees, bank charges of more than €95,000 (€95,127), salaries and pensions of almost €935,000 (€934,884), and legal and consultancy fees totalling almost €325,000 (€324,612).
In addition to Kerry Group, Kerry Co-op’s other investments include Kerry Airport, Listowel Races Development Company Ltd, Kenmare Livestock Mart Co-Operative Society, Cork Racecourse, FBD Holdings, Kingdom Co-op Mart, Western Forestry Co-Op Ltd and Golden Vale Marts.
