Revenues up €100m at beef giant Arrow but profits drop

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Revenues up €100m at beef giant Arrow but profits drop
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Irish business owned by Queally family owns Dawn Meats, Irish Dog Foods and Dawn Farm Foods

Revenue at the Queally family’s Arrow Group jumped by more than €100 million in 2022, rising from €617.2 million to €747.3 million, new accounts show.

However, the company’s pre-tax profits for the year fell from €23.6 million in 2021 to €13.8 million in 2022, as the company’s costs rose from around €600 million – including cost of sales, distribution costs, and administrative costs – to €734 million.

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