Don’t miss Aer Lingus’ Fall Sale!
Experience all that Ireland has to offer. Hurry book by June 26, 2018. Fly from Philadelphia (PHL) to Ireland from $419* Click HERE for more details.

*Travel select dates Sep 1 – Oct 31. Roundtrip per person, includes air transportation charges, taxes & fees. Restrictions apply.

Almac Group turnover surpasses £500 million for first time 

Pre-tax Profits recorded at over £33M

 

Craigavon, N.I., 4 June 2018Almac Group, the global contract pharmaceutical development and manufacturing organisation, has reported a 19% rise in revenue to £531M.

The global company has also reported an increase in pre-tax profits, up from £27M in 2016 to over £33M.

Globally, employee figures increased by over 10% to 4,407. Of this total 2,920 staff are employed at Craigavon, representing an increase of also 10% or 270 staff on the previous year.

The figures were recorded in Almac’s annual report with its results for the year ending 30 September 2017.

2016 pre-tax profit was recorded at £27M. This year’s figure of £33M benefited from upfront and other payments relating to the out-licensing of oncology products which had been developed in house by the group and which also contributed to the profit before tax figure for the year.

The company continued to invest in expansion projects in 2017 with the building of additional lab and office facilities and the ongoing construction of one of the largest pharmaceutical cold store facilities in Europe at its Global HQ campus in Craigavon.

Group CEO, Alan Armstrong commented: “2017 was a strong year for Almac with turnover over £531 Million and profits surpassing £33 million. During the year we made significant investment for the long term benefit of the Group including global expansion into key strategic territories. The financial benefit of these investments may not be realised immediately, however they will ensure steady and continued growth of the Group into the future.  All our profits are reinvested into the business enabling us to offer best-in-class services and products to our clients and continue to be a leader in the life sciences sector.”

###

Congratulations to Irish Chamber members named to the Irish Small Business Big Impact 50! We had a wonderful night celebrating the contributions of Irish and Irish American Business owners and operators from across the U.S.

Irish Echo Small Business - Big Impact 50

– Brian & Jenn Cleary of McKenna’s Kitchen and Market​
– Daniel Cronin​ of Chorus Comm​indications
– Ed Brennan of The Brennan Collective
– Ed Sullivan of Trust Exchange
– Jack Glacken of TGI (Today’s Graphics, Inc.)​
– Jim Logue of ThermOmegaTech
– Joe Callahan of Ciright​
– Kate Shields of Vault Communications​
– Kathy Bellwoar of PPT Consulting​
– Kathy Brunner of Acumen Analytics, Inc​
– Kevin Connor of Modern Strategic Branding + Communications​
– Marion Ryder of Plough & the Stars​
– Norbert McGettigan of Impact Dimensions​
– Paul Murtagh of Murtagh Brothers, Inc
– Ron Kerins of GREYHAWK
– Shannon Breur & Don Riley of Wiley Group​
– Shawn Swords​ of Irish American Films​
– Susan Stipa​ of McDAY​
– Tom Coffey of United Floral Service

Check out MRP’s latest blog: A Q&A with Jack Butler, CFO of MRP and Máirtín Ó Muilleoir, chair of the Irish Echo on the Irish Small Business Big Impact 50 and Irish American Businesses

Moderated by James Regan, CMO & Co-Founder at MRP

James:
Jack, can you talk a little about this upcoming event, the 2018 Irish Small Business Big Impact 50, and what MRP’s involvement is?

Jack:
I’d be delighted. It’s a subject that’s near and dear to my heart. On Friday, May 18th, MRP, along with two distinguished organizations, The Irish Echo and the Irish American Business Chamber and Network, will host the 2018 Irish Small Business Big Impact 50 Awards right here in Philadelphia at the Union League. This is the only event in the U.S. of this scale that honors Irish American small businesses and we are proud to sponsor this first occasion where it is being held here in Philadelphia.

Each of the 50 companies nominated has displayed entrepreneurial skills and the ability to create companies that are leaders in their field. We have two amazing speakers lined up – Philadelphia Mayor Jim Kenney and Ciarán Madden, Counsel General of Ireland.

The event honors companies from all across the U.S., including Philadelphia, San Francisco, Boston, and New York. They span a broad reach of industries, including technology, engineering, vineyards, florists, hotels and resorts, and caterers. But one thing they all share is a commitment to business excellence and a pride in their Irish heritage.

James:
Can you provide a little background on MRP’s Irish roots?

Jack:
MRP was founded in 2002 by Kevin Cunningham and James Regan, both Irish American entrepreneurs, with the initial goal of helping companies expand their sales footprint beyond major enterprises and into the midmarket. Early success led to the opening of MRP’s first location in Philadelphia and the rapid growth of the U.S. team.

After six strong years of growth and building our brand in America, MRP became part of Newry, County Down-based First Derivatives, which is a public company traded on the London Stock Exchange and a great success story in its own right across Ireland. This union set the stage for MRP’s entrance into the global market, beginning with its 2011 expansion into Belfast. We started out with 10 team members, and today we are over 200 strong in Belfast with another 15 based in our Dublin office which opened last year. We are proud to be one of the largest employers in Belfast and to serve a global market from Ireland.

Read more – www.mrpfd.com