Carbery profit rises by 37%

PRE-TAX profit at the Carbery Group rose by 37% to €5.53 million in 2003 over 2002 but still languishes well below the €8.68m earned by the company in 2001.

In fact the increased profits are still well below pre-tax profits achieved as far back as 1998 when the company made €6.63m on sales of €121.9. Sales in 2003 were up 1.3% on 2002 to €169.4m.

The Carbery Group yesterday issued a press release revealing details of pre-tax profits and turnover for 2003 but did not include a summary of the accounts.