Musgrave see profits rise 3% to €59.3m

MUSGRAVE Group saw a 3% rise in profits last year to €59.3 million.

The company, which owns the Centra and SuperValu franchises, saw a 20% increase in group turnover to a record €3.34 billion, helped by the inclusion of its British-based Budgens chain of shops for a full year.

Stripping out the 14% boost from Budgens, the group saw sales rise by 6.4%.