This is a subscriber-only article
Recently filed accounts for the Arvum group, which is owned by the Power family, show that operating profits more than doubled to reach €824,911 for the year ended 30 June 2016.
The group employs 35 people across its companies, which include Seed Technology, Forage Systems, Trident Nutrition, Advanced Fertiliser and Biacert.
Seed Technology has a joint venture with DLF Trifolium, the Danish grass and clover seed producer.
It has a research site in Waterford, with more than 3,000 grass plots where 1,500 varieties are tested.
Turnover for Arvum Group decreased 2.5% to €26.9m in the same period.
The Waterford-based company made a pre-tax profit of €764,610 during the 2016 financial year.
Operating margins increased from 1.2% to 3% during the year. The company had net assets of €7.9m at year end.
The majority of the company’s turnover is derived from Ireland, with about €2.8m of sales generated in Europe.
The company invested €110,601 in R&D, slightly lower than the €141,921 it invested in 2015.
SHARING OPTIONS: