Bloodstock group bucks trend with increase in sales

Auction records have helped push like-for-like sales at bloodstock sales group Goffs up by €108,000.

Accounts just filed by Robert Goff & Co plc to the Companies Office show that group ring sales climbed 12% to €86m in the 12 months to the end of March.

Pre-tax profits decreased by 96% from €3.46m to €108,000. However, the chief factor behind the 2011 €3.46m pre-tax profit was the one-off €2.8m gain from the sale of the Goffs’ Arqana Holdings and its €897,000 share of Arqana’s results from fiscal 2011.