10 July 1998

NIAB well in black

FINANCIAL security stemming from a fifth successive rise in non-statutory work income leaves NIAB well placed to harness new technology to benefit of UK farmers.

"With a 13% growth in outside income and a net margin after all costs of 4.9% we have avoided any overdraft since becoming independent 2 years ago. We are making a 7.5% reinvestment on a turnover of annual £10m," explains NIAB director, John MacLeod.