Dairygold recorded a 24% increase in profits last year, as its revenues passed €1 billion.

The company also said its milk suppliers expanded production during the year, bringing the total output close to 1.4 billion, a 65% increase on the amount produced before milk quotas were abolished in 2014.

Samantha McCaughren, business editor of the Sunday Independent, joined us with this story and the day's other business news, including:

• Governor of Central Bank overseeing crisis response from Greek lockdown
• Manufacturing slides into 'sharpest decline' since 2009
• NTMA plans multi-billion euro bond sale within weeks
• New car sales down by 63% in March
• Savills predicts Dublin hotel development will decline by 32%
• CityJet seeks auditors' advice on navigating COVID-19 crisis, Stobart Air lay off staff

Listen to the interview in full by pressing the play button on this page.