Record sale of Frankel foal helps to boost Goffs coffers

The record €1.8m price secured for a filly foal by the brilliant racehorse Frankel at auction contributed to pre-tax profits at Goffs totalling more than €1.8m last year.

Last year, group ring turnover at Goffs increased by 15% to €153m and, according to chairwoman Eimear Mulhearn, the year to March 2015 “has been a very positive one for the company and one which has delivered a very strong financial performance with increased gross profit and increased case and bank reserves”.

Ms Mulhearn, a daughter of the late Charles Haughey, said: “The outlook for the coming sales season is positive. We are budgeting for steady growth in the year ahead, building on the significant gains made over the last four years [144%] and we feel confident of reaching targets set.