Hi-Spec Engineering, the company known for its diet feeders and slurry equipment, saw profits soar last year thanks to strong growth in its Irish and export business. Accounts filed with the companies office (CRO) show that Hi-Spec made pre-tax profits of €1.7m for 2018, more than double (+110%) the profits made in 2017.

The farm machinery company saw operating profits increase by 106% last year to just under €1.75m, as operating profit margins expanded from 6.8% in 2017 to 11.7% last year. Hi-Spec saw its turnover grow by 20% in 2018 to just under €15m.