Fashion jewellery maker sees profits jump ten-fold

ONE of the largest employers in Co Limerick, Andersen Ireland Ltd, increased its pre-tax profits ten-fold in 2009 to €536,925.

According to accounts returned to the Companies Office, the Austrian-owned fashion jewellery manufacturer increased pre-tax profits despite revenues decreasing 12% from €18 million to €15.8m.

The company, based in Rathkeale, employs 198 people and paid €1m to its shareholders in 2009. Last year, the Andersen family sold their interest in the business to NWA Ventures GmbH.