Oireachtas Joint and Select Committees
Thursday, 18 April 2013
Joint Oireachtas Committee on Agriculture, Food and the Marine
Groceries Sector: Discussion (Resumed)
10:10 am
Mr. Donald Mackay:
I will work backwards, as I took a note of each question. As the initial questions related to buying, I hope that Mr. O'Connor can answer them.
The Deputy is right, in that we do not publish our profits in the Republic of Ireland. We consider that matter to be commercially sensitive, in that we would be at a commercial disadvantage were we to do that. We are not out of line with others operating in the market in this approach. We operate in nine countries, including Ireland, across three continents. When we compare ourselves with ourselves internationally, we find our Irish profits are not out of line or excessive with our levels of profit elsewhere. They are consistent with what we achieve and reasonably expect from our international business.
The Deputy asked whether the code of practice incurred higher costs in the UK. The answer is "Yes".
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