Strong Irish sales sees Musgrave profits rise 20%

MUSGRAVE have reported a 20% rise in profits on the back of strong sales at its Irish convenience stores.

The Cork-based company said it was also pleased with the performance of its expanding British operations, which includes the 2,100 Londis outlets it bought last June.

After-tax profits came in at €51.5 million last year on sales up 13% to €3.76 billion, a record for the family-owned company.