Business

Sales and profits of Northern Ireland's biggest firms up by 10 per cent

L-R: Michael Neill, A&L Goodbody, Chris Kirke, Moy Park and John Mulgrew, Ulster Business.

THE 100 biggest businesses in the north saw sales and profits rise by 10 per cent over the past year.

The Ulster Business top 100 companies 2020 list featured a combined turnover of £27.5 billion, 10.4 per cent up on 2019.

The business magazine, which has ranked Northern Ireland’s biggest firms by sales for three decades, revealed that pre-tax profits were also up 10 per cent to a combined £1.03bn among top firms.

The list, which largely spans the 2018 and 2019 period, has been topped by Moy Park for the ninth year running.

The poultry giant reported a turnover of £1.58bn, with pre-tax profits reaching £70m.

The top 100 list included a dozen new entrants for 2020, including World Travel Centre Ltd, Creagh Concrete Products Ltd and Morgan Fuels & Lubes Ltd.

Ulster Business editor, John Mulgrew, said: “The performance of some of Northern Ireland’s leading firms continues to cement our position on the business map – especially given the wide breadth of companies which call here home.

“And while over the course of more than 30 years this list has been through the boom times, as well as tough periods following the 2008 recession, the next couple of years are likely to be the most difficult many of them have ever faced.

“But many of those companies on the list, and across Northern Ireland as a whole, have the resilience and the ability to weather such challenging times.”

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Business