Profits at Goffs falls to €2.2m

A record €3.2m Irish sale for a yearling filly at Goff’s annual Orby sale was not enough to prevent it posting a 33% slump in pre-tax profits to €2.2m. New accounts filed by Robert J Goff & Co plc show that the business also posted a 6% fall in revenues to €165.6m in the 12 months to the end of March.

In his report, Goffs chief executive Henry Beeby said that “record prices grab the headlines, but consistency is required at all levels to deliver growth and that was not achieved in this 12-month period”.