Difficult trading conditions in the Irish and French bloodstock industries, led to Robert J Goff's pre-tax profit falling from £492,000 to £340,000, in the year ended March 31st 1996.

Nevertheless, the company resumed dividend payments, following a change in the structure of its reserves. A dividend of 0.25p net per share has been declared. This was twice covered by earnings.

Group income fell from £3,350,000 to £3,136,000. Income was reduced in both areas of operation in Ireland and in France.