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27/01/2017
Newry Firm's Profits Rise By 65%
A pharmaceutical firm in Newry has announced a rise in its pre-tax profit by 65% to £35.5million in 2016.
Norbrook Holdings turnover increased by £23m or 11% to £239 million.
Chief Executive Officer Liam Nagle said: "We have had another strong year, where we have seen increasing revenue in all regions. We have further strengthened our product offering in both the EU and North America with a number of new product launches, and we continue to work closely with our customers in each market to identify product opportunities.
"We have embarked on a significant multi-year capital investment programme, which includes the upgrading and expansion of our manufacturing capability, new laboratory facilities, and the strengthening of our IT infrastructure. We are investing for the future and have developed a clear strategy for the business to take advantage of what continues to be a buoyant sector."
(CD)
Norbrook Holdings turnover increased by £23m or 11% to £239 million.
Chief Executive Officer Liam Nagle said: "We have had another strong year, where we have seen increasing revenue in all regions. We have further strengthened our product offering in both the EU and North America with a number of new product launches, and we continue to work closely with our customers in each market to identify product opportunities.
"We have embarked on a significant multi-year capital investment programme, which includes the upgrading and expansion of our manufacturing capability, new laboratory facilities, and the strengthening of our IT infrastructure. We are investing for the future and have developed a clear strategy for the business to take advantage of what continues to be a buoyant sector."
(CD)
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