Edward Dillon & Co see pre-tax profits fall, despite increase in sales

DRINKS distributor Edward Dillon saw profits fall heavily in its last financial year, according to accounts just filed at the Companies Registration Office.

Pre-tax profits at the Dublin-based company, which is owned by three major international drinks groups, fell by 17% to €6.74 million in the year to end September 2004. Sales for the year were up, though, increasing from €129.5 million to €136m.

No reason was given for the fall in profits, though the company’s cost base did rise during the year.