Sale helps Goffs profits

The record €6m price secured for filly-in-training Chiquita at auction contributed to pre-tax profits at Goffs more than doubling last year to €1.8m.

Group ring turnover at bloodstock auctioneers Goffs increased by 28% to €130m in the year to the end of March 31, 2014, and, according to chairwoman Eimear Mulhearn, “we are very pleased to report that the group has produced the best set of financial figures since financial year to March 2007”.

She said: “We have seen significant growth in turnover, profit, cash balances and a further reduction in the debtor book.”