McMullans get €1.2m Maxol payout

THE McMullan brothers, owners of the Maxol oil company, were paid €1.2 million in dividends last year, according to its latest set of accounts.

Noel, Malcolm and Max McMullan and their extended family own the entire company. The payment was the same as the brothers received in 2002.

Accounts for McMullan Bros show pre-tax profits fell from €10.1 million to €9.44 million. The reduction was largely due to a one-off item in the 2002 accounts when it netted €1.2 million from the sale of part if its stake in a subsidiary company.