Thursday 11th May 2017
Ahead of the Company’s Annual General Meeting (“AGM”) to be held later today, the Group has made the following trading statement:
2016 was a year of considerable progress for the Group. At the time of the publication of the Annual Report, we said that we were very encouraged by the excellent start made in the first two months of 2017, by our two main trading divisions -Temperature Controlled Storage and Protein Trading (Townview Foods). I am happy to report a continuation of these trends, on an underlying basis, after the first four months of the year.
The dairy division is in the early stages of developing its business model. We are delighted to welcome Declan Morrissey, who will manage the development of the dairy business, on joining Norish plc towards end June.
Declan, has a background in dairy farming and also holds a B.Eng (Hons) from UCD. He has worked as an equity analyst with the Foods team at Davy Research for the past five years, having previously worked in the private client division there. He will bring a mix of operational and corporate development expertise to facilitate the successful growth of the dairy enterprise.
Foro International is at the early stage of some new organic growth initiatives. While very early days, the outlook is promising.
The result of the AGM will be announced following the conclusion of the meeting later today.
Enquiries: Aidan Hughes, Finance Director
Tel: 00 44 (0) 1293 862 498