EI Company profits double for 2004

THE EI Company, a Shannon-based manufacturer of smoke alarms and home security and safety products, saw profits more than double in 2004.

According to its latest accounts profits rose to €11.05 million from €5.3m in 2004, the latest year for which accounts are available.

Turnover was up by 11% to €32.3m. Included in the turnover figure are sales of €4.46m from a company called AICO, a British distributor of home safety products it bought during the year.