Goffs enjoys a ‘significant turnaround’

Bloodstock sales firm Goffs last year recorded a seven-fold increase in pre-tax profits to €755,000 after ring revenues topped €102m.

Boosted by sales of €27m over two days at the annual flagship Orby thoroughbred yearling sale last October, Goffs recorded “a significant turnaround in its performance” last year, according to chairwoman, Eimear Mulhern.

The accounts are for the year to the end of Mar 31 this year (2013) and in her statement, Ms Mulhern said: “We have seen an increase in turnover and profitability, further improvement in the debtor book and continued stabilisation in costs.”