Goldcrop, the seed, agri-chemical, animal feed and hardware supplier based in Co Cork, recorded a fall in profits for its 2018 financial year. Accounts filed with the companies office (CRO) show Goldcrop recorded pre-tax profits of €706,665 for 2018, which was down 13% on the previous year.
Operating profits in the business fell 10% year-on-year to just over €1m, as operating profit margins narrowed from 2.2% in 2017 to 1.9% in 2018. While profits fell in 2018, Goldcrop grew its sales for the year. The company reported full year sales of just under €54m for 2018, which was up 2% on the previous year. Goldcrop has net assets of €12.3m and employs 82 people across the business.