Newry-based veterinary pharmaceutical group, Norbrook Laboratories received an insurance pay-out of £6.12m (€8.55m) arising from the death of its founder and CEO, the late Co Louth native, Edward Haughey.

Pre-tax profits at Northern Ireland-based pharmaceutical group, Norbrook Laboratories established by the late Co Louth native, Edward Haughey, last year decreased by 9% to £14.4m (€18.2m).