Magnier scoops €1.4m in Devro dividends

BLOODSTOCK tycoon John Magnier yesterday scooped €1.4 million in dividends from a Scottish food firm where he is the largest shareholder.

Mr Magnier, who splashed out €13.3m on an unraced two-year-old colt in Tuesday, owns 14% of Devro. He bought into the company, which makes sausage skins, three years ago.

Devro yesterday announced a 43% rise in full-year profits to €37.6 million on sales, 2.4% higher at €222m.