Headquartered in Nenagh, the co-op processed 353 million litres of milk in 2015 – the highest ever in its 102 year history.
A €2.1 million operating profit is seen as a solid performance by Arrabawn given the problems facing the dairy industry in recent times.
The success is being put down to a combination of greater efficiencies, thanks to capital investments of €40m over the past five years, and milk price supports which enabled Arrabawn to limit the impact on its suppliers with an average milk price of 30.3 cent per litre achieved.
The co-op processed record milk volumes for its 102 year history, with 353 million litres handled, up 46 million on 2014.
However debt levels rose from €9.25 million to over €15.5 million in 2015 due to extensive capital expenditure of €9.1 million.
The arrival of natural gas to Nenagh resulted in significant savings for Arrabawn with fuel and power costs dropping by 9% despite processing 15% more milk.
The company's agri-trading division also performed strongly, with feed volumes up 10pc, increasing turnover by 2%.
Arrabawn CEO Conor Ryan says the co-op's balance sheet is very solid, with total capital and reserves going from €42m to €44m., further underlining the strong performance.
The co-op is one of Tipperary's major employers and has 300 staff at operations across the country with the vast majority of those in the Premier County
