Goffs operating profit up 15%

Goffs has reported a 15% rise in operating profits for 2003/2004.

The bloodstock dealer said the financial performance represents the best result in the history of the company and will allow it increase its investment in sales and marketing, capital expenditure and working capital.

Profits for the year to end March 2004 came in at €2.55 million on turnover up 6% at €10.9m. The company said it had double digit growth in most sales.

Earnings per share were 18% ahead at 33 cents, while the dividend was raised to 8.5 cents a share.