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Profits Down at Donegal Investment Group

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Profits Down at Donegal Investment Group DONEGAL DEMOCRAT w w w.donegaldemocrat.com Th ursday,M ay 7,20 20 16 N E WS WWW.DONE GALLIFE.IE FOR DONEGAL NEWS AS IT HAPPENS Profits down at Donegal Investment Group Group recognises “the challenging and unprecedented trading conditions resulting from the Covid-19 pandemic.” Donegal Investment Group has diverse portfolio of companies to Associates: Comprising compared to a net position of €2 .7 m and profits for the full financial reported profit after tax of €1.4m drive independent success through investments in North Western at 28 February 2019. yea r.” for the six months ending February shared synergies wherever Livestock Holdings. The Group purchased 507,620 As noted in its trading update on 29, 2020, a fall of €1.2m on the p o s s i b l e. Its seed potato business shares of the Company during the March 30 2020, NOMADIC is now previous year. Its companies include IPM experienced good volume growth, six months ended 29 February 2020 seeing significant reductions in its In a statement issued today, it Potato Group, Ireland’s leading seed but margins were reduced as a result at a cost of €6.6 m . sales volumes directly related to said that the Group recognises “th e potato company, and the Nomadic of an increase in the level of supply It currently has issued share the Covid-19 pandemic. challenging and unprecedented Dairy Company, in Killygordon, into the wider market following capital of 4,760,807 with 1,165,626 of A material part of NOMADIC’s trading conditions resulting from makers of traditional small batch better harvesting conditions. those shares held as treasury business is in the Food to Go the Covid-19 pandemic.” yog u rt s . The Group’s Produce and Dairy s h a re s .O utl o o k category in the UK with its key And it added that “the trading Donegal Investment Group own segment delivered a satisfactory Prior to the outbreak of the customers having a presence in performance in the second six 22.4% of the North West Livestock performance during the first half of Covid-19 pandemic, the Group was large urban centres as well as in months of the financial year ending Holdings and its property interests the year. highly optimistic about the outcome high footfall transport hubs such as 31 August 2020, primarily in include Oatfield Sweets site in Group revenue increased by 9.6% for the full year ended 31 August airports and rail stations. speciality dairy business L ette rke n ny. (€2.6m) to €29.6m - driven by 2 02 0. NOMADIC, will be materially continued double-digit volume and It said: “Our speciality dairy AG M impacted by reduced sales volume THE GROUP'S THREE KEY AREAS revenue growth in its speciality business had recently undertaken a The Board of Directors is resulting directly from the impact of ARE: dairy business as well as increased significant capital expenditure currently reviewing options to Covid-19 restrictions on the Food to Produce: Growth, sales and sales volumes in its produce seed programme which has doubled its convene an AGM over the coming Go category.” distribution of seed potatoes and potato businesses –with a manufacturing capacity and with months. The Board would favour The Letterkenny headquartered organic produce. segmental trading profit €2.4m, a continued volume growth being the AGM taking place at a time company has operations in Food-Agri: Manufacture, sale decrease of €0.5m on the prior achieved during the first half of the which would allow its Ireland,the U.K., Holland, France and distribution of dairy products p e r io d . year, it was expected that NOMADIC shareholders to attend as normal and Brazil, Donegal Investment and rental and sale of food-agri The Group’s cash position, net of would have continued to deliver should the current restrictions be group and continues to manage a property assets. debt, was €13.0m at half year end year on year growth in both revenue l i f te d . Do not mock a pain that you have not endured necessary to make an both the Claimant and C O N C LU S I O N application to the Personal Respondent. The It is highly advisable that a Injury Assessment Board Respondent is afforded 21 Claimant obtains legal advice prior to commencing Court days within which to confirm prior to making any proceedings. The party acceptance while the application to the Personal making the application is Claimant is afforded 28 days. Injury Assessment Board known as the “C l a i m a nt”. In the event that the and that both the Claimant The Personal Injury Respondent does not reply and Respondent obtain legal Assessment Board was within the timescale advice prior to accepting or established by virtue of the Solicitor and should detail all examination to be carried provided, they are deemed to refusing an assessment, as Personal Injury Assessment expenses as well as the out before deciding the level have accepted the there may be significant Board Act, 2003. The main injuries sustained by the of damages to award. This assessment made. Where implications in relation to reasons for its establishment Claimant. The injuries are examination will take place either party refuses the costs where subsequent was to reduce the costs on detailed and outlined by within 28 days of the assessment, an proceedings prove Claimants making medical report prepared by Respondent having Authorisation will be issued necessary. At McMorrow & applications and to avoid the your GP or a suitably consented to the assessment to the Claimant to McLaughlin Solicitors our delays caused by busy court qualified medical and is carried out to ensure commence court experienced Solicitors will lists. p rac t i t io n e r. that the award is based on p ro c e e d i n g s . guide you in enforcing your A personal injury may The Personal Injury the most up to date If both Claimant and rights with respect to CONOR involve accidents at work, on Assessment Board issues a information available and Respondent accept the personal Injuries. We have public or private property or formal “Notice of Claim”to reflects the true extent of the assessment, an “Order to the knowledge and McL AU G H L I N as a result of an assault or the Respondent advising that injuries suffered by the Pay ”is issued by the Personal experience to advise on all road traffic accident. An a claim has been made C l a i m a nt . Injury Assessment Board, aspects of Personal Injury WHAT IS A PERSONAL application must be made against them and they are In assessing the “va lue”of which is legally binding L i t i gat io n . I N J U RY within the legal time limit or afforded 90 days within the claim, the Personal similar to a Court Order. statute of limitations which which to respond, either Injury Assessment Board will Where the Respondent fails *In contentious business, a A Personal injury* is the is 2 years from (i) the date of consenting to assessment of review the medical report to make payment, it is open solicitor may not calculate legal term for an injury or the injury, or (ii) the date of the claim or refusing. Where submitted at the application to the Claimant to enforce fees or charges as a illness that has been caused knowledge of the injury. The a refusal is received, the stage, together with any the Order through the Court percentage or proportion of or exasperated by someone party(ies) who are Personal Injury Assessment independent medical report s ys te m . any award or settlement. e l s e’s negligence. An injury responsible for the injury are Board will issue the Claimant subsequently obtained. The of any kind can affect your known as “R e s p o n d e nt ( s ) ” with an “Auth o r i s at io n”, “Book of Quantum”is quality of life. Being out of and should be notified which is a legal authority consulted which attaches a The above article is one of a series of bi-monthly legal work as a result of injury may within two months of the allowing the Claimant to monetary “va lue”to all articles drafted by Conor McLaughlin, Solicitor and also affect your monthly date of the injury or as soon commence Court injuries sustained Principal at McMorrow & McLaughlin Solicitors. They household income. Personal as possible thereafter. proceedings in respect of the depending on elements such do not constitute legal advice and should not be acted Injuries could happen in a injuries sustained. as body part injured, the upon without seeking legal advice particular to your set public place, at work, abroad APPLICATION TO In the event that consent degree of injury, likely of circumstances. McMorrow & McLaughlin Solicitors or even on the road. PERSONAL INJURY is received from the recovery and the likely have offices in Letterkenny and Bundoran, County ASSESSMENT BOARD Respondent, either timelines for same along Donegal. For further information on the above or any PERSONAL INJURY An application to the positively or by default, the with future prognosis. other legal issues you may have, please contact us on ASSESSMENT BOARD Personal Injury Assessment Personal Injury Assessment The Personal Injury TEL: 071 984 1322, Email: [email protected] or at Where a person suffers Board should be completed Board may arrange for an Assessment Board furnish www.c ml s ol i cito rs .c o m from a personal injury it is with the assistance of a independent medical the details of the award to.
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