Fexco profits jump 47% to €13.6m

THE financial services and payments group, Fexco, based in Killorgin, Co Kerry, made pre-tax profits of €13.6 million in 2004.

This figure is almost 47% more than the €9m the company made in the previous year, according to its latest accounts.

The company said the increase in profits came despite a difficult year for the industry.