PCH sees profits soar to €34.5m

PCH International has recorded a surge in profits to €34.5 million on €288.6m sales for last year.

The global supply chain solutions group, which is a world leader in the field, enjoyed a massive boost to turnover which rose 170% to €288.6m while a record gross profit of €34.5m was achieved, representing a 104% increase year-on-year.

Last year, the Cork-headquartered group, with its main operation based in Shenzhen, south China, raised $26m (€18.2m) in new Venture Capital funding from two private equity shareholders — Triangle Peak Partners of California and Cross Creek Capital of Salt Lake City.