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Horse firm riding high

BLOODSTOCK sales group Robert Goff has returned to the black as it turned a profit of €3.26m this year.

Goffs chairwoman Eimear Mulhern, right, noted that the company had now stabilised its finances which followed a pre-tax loss of €6.4m in the 2010 fiscal year.

The group's accounts outline that the return to profit was aided by the €2.8m gained from the €7.5m sale of 26pc of its share in French bloodstock auctioneers Arqana Holdings. However, income at the firm income dropped by 11pc from €14.7m to €13.1m in the 12 months to the end of March this year.