Norbrook Labs profit down 9%

Pre-tax profits at Northern Ireland-based pharmaceutical group, Norbrook Laboratories established by the late Co Louth native, Edward Haughey, last year decreased by 9% to £14.4m (€18.2m). 

The former Seanad Éireann member and chairman of the group, Mr Haughey (Lord Ballyedmond), died in a helicopter crash in thick fog in Norfolk in March of this year.

Edward Haughey was Northern Ireland’s richest man and the accounts show that he last year received emoluments from Norbrook Laboratories totalling £3.757m — an increase of 9% on the £3. 45m received in 2012.