€400,000 dividend at fish processing firm

Shareholders at the one of the country’s largest fish exporters, Sean Ward (Fish Exports) Ltd, shared a dividend windfall of €400,000 last year, figures show.

The Killybegs-based firm is co-owned by the Ward and O’Callaghan families and new figures show that the four shareholders, Sean Ward, Muriel Ward, Michael Callaghan and Brid Callaghan shared the €400,000 dividend payout through their ownership of parent firm Fimarex Ltd.

The accounts for Sean Ward (Fish Exports) Ltd show that pre-tax profits at the firm declined by 32% from €4.4m to €3m in spite of a very marginal increase in revenues from €41.64m to €41.9m in the 12 months to the end of July 31 last year.