Explosives company’s profits boom

IRISH Industrial Explosives, which is celebrating 40 years in business this year, recorded profits of €14.23 million in 2003.

The profit was flat on the previous year even though the Meath-based company saw a fall in turnover, accounts just filed at the companies office show.

Turnover for the year to end December 2003 fell from €43.1m to €40.1m.