Belfast Telegraph

Saturday 1 November 2014

Turnover soars for upwardly mobile Almac

Pharmaceuticals group Almac is now one of the 10 largest private sector businesses controlled from Northern Ireland.
Pharmaceuticals group Almac is now one of the 10 largest private sector businesses controlled from Northern Ireland.

Almac Group, headquartered in Craigavon, presents the consolidated results of the parent company and a number of subsidiary companies each with specialist interests in different aspects of pharmaceutical and biotechnology developments.

The group has expanded further in the last year and is now one of the 10 largest private sector businesses controlled from Northern Ireland.

In addition to Craigavon, the group has invested large sums in a North American headquarters in Pennsylvania.

In the last five years total capital investment has exceeded £120m.

Turnover in 2011-12 increased further to reach just under £300m: up nine per cent on the previous year. Turnover has nearly trebled in the last six years.

Operating profits in 2011 rose to over £21m but have fallen back in 2012 to just under £18m.

Outstanding bank borrowing was £47m in September 2010, was fractionally higher in September 2011, and increased to nearer £49m in September 2012.

Average employment in 2012 increased to 3,092 people. This contrasts with an average of 1,426 in 2006, and more recently to 2,917 people in 2011.

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