Goffs profits jump 15% on €1.4m sale of prized colt

The €1.4m sale of a prized colt at the annual Orby sales at Goffs contributed to the group increasing its pre-tax profits by 15% to €2m in its last financial year.

Goffs’ group ring turnover increased by 2.3% to €159.2m, prompting chairwoman Eimear Mulhern to describe the 12 months to the end of March as “very satisfactory”.

Ms Mulhern — daughter of former Taoiseach Charles Haughey — added: “We believe that the year ahead will be one of financial consolidation. The effects of Brexit cannot be fully assessed at this early stage and its overall impact on the bloodstock industry is impossible to ascertain.