Profits of €1m for National Linen

THE textile rental firm National Linen made profits of almost €1 million last year, according to recently filed accounts.

National Linen, which was established by Corkmen Denis O’Callaghan and Seamus Desmond with backing from NCB Ventures, made pre-tax profits of €988,968 in the year to May 2003, up from €634,452 the previous year.

Turnover at the company, which supplies towels and other linen products to hotels and restaurants, increased up from €6.7m to €10.8m, while operating profits grew by 75% from €787,349 to €1.37m. The company had retained profits of €1.6m at the end of its financial year.