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.