Arrow Group ready for Brexit as profits jump 53%

Pre-tax profits at one of the largest meat processors in the country, the Arrow Group, last year increased by 53% to €37.73m.

Newly-filed accounts show that the Waterford-based group achieved the sharp increase in pre-tax profits in spite of revenues dipping by 2.4% to €499m during the 12 months to January 1 this year.

The group achieved the profit boost after its administrative expenses reduced by 48.5% .