Pre-tax profits up by 55% at timber processing group Glennon Bros

PRE-TAX profits at timber processing group Glennon Bros last year increased by 55% to €5.8 million, new figures show.

The Longford-based group won the industry section in the Ernst & Young Entrepreneur of the Year award last year and the figures show revenues at the group increased by 45.5% from €58.7m to €85.5m in the 12 months to the end of December last.

Joint managing director Mike Glennon said: “2010 was another difficult year in Ireland, but we managed to achieve a number of important objectives.”