Fruit of the Loom revenues increase 45% to €227.7m

THE Warren Buffett-owned Irish-registered Fruit of the Loom’s European operations returned to profit last year, recording pre-tax profits of €11.3 million.

According to accounts just filed, the group’s revenues increased by 45% from €156m to €227.7m in the 12 months to the end of December last.

Last year’s pre-tax profit of €11.3m followed the company recording a loss of €27m in 2009.