Comex McKinnon, one of Ireland’s largest grain importers, reported a 15% rise in operating profits to reach €1.3m for the year ended 31 July 2016. The company, which is owned by the Hunt family, saw turnover rise by 5% to €138.3m during the year while pre-tax profits increased to €1.7m.

The business, which employs 16 people, made a thin 1% operating margin. Total staff costs amounted to €1.1m. Net assets were €8.9m at year end. The business is involved in the trading, importing and exporting of grain in Ireland and Northern Ireland. Ireland imports around 2.5m tonnes of feed every year.

Read more

ADVERTISEMENT

Quinns of Baltinglass see drop 2016 profits