Boylesports profits dive to just €330

BOOKMAKERS Boylesports saw its profits fall to just €330 in 2002, its latest accounts show.

Boylesports, which is owned by John Boyle, recorded after tax profit of €330 in the 14 months to the end of June 2003, down from a profit of €1.5 million the previous year.

The heavy fall comes as turnover rocketed from €100.9m to €223.2m following a major expansion at the company. Administration expenses shot up from €11.5m to €25.7m, faster than the rate of turnover growth.