Avoca pre-tax profit increases 3%

PRE-TAX profits at family-owned retailer Avoca last year increased by 3% to €1.64 million as revenues climbed to €48.6m.

In accounts just filed by Avoca Handweavers Ltd and subsidiaries, they show that group revenues increased by 6% from €45.9m to €48.6m in the 12 months to the end of January last year.

Employee levels rose from 568 to 597 last year, with group managing director Simon Pratt confirming 80 jobs will be created this summer with the opening of an Avoca food hall and shop at Malahide Castle.