Eason & Son profits hit €3m

BOOKSELLER and newspaper distributor Eason & Son made a pre-tax profit of more than €3 million in the year to January 27, 2008.

This follows losses recorded in its previous financial year when the company took a hit after making a €27m write-down in the value of two investments.

The company, which has been in business since 1819 and has 45 shops in Ireland, recorded a turnover in its last financial year of €497.4m with its joint venture included. This is an increase of 9% from the previous year.