Ploughing group sees sharp rise in profits

THE National Ploughing Association of Ireland’s annual profits have increased by 57% to €606,852.

Accounts filed with the Companies Registration Office show that turnover at the company for the year ended January 31, 2004 reached €2.43 million, up 20% on the previous year.

The company, which has fixed assets of just €13,800, derives its turnover primarily from gate receipts, exhibitors’ fees and sponsorship from the national ploughing championships.