Dingle firm nets big profits with fish price rise

A sharp increase in the price of fish resulted in a Dingle-based fish processing firm almost doubling its pre-tax profits in 2010.

Accounts recently filed with the Companies Office by family-owned O’Catháin Iasc Teoranta show the firm increased its pre-tax profits by 83% to €978,894 in the 12 months to the end of December 2010.

This came after revenues at the firm rose by 25% from €8m to €10m. The increase in business resulted in the company employing 10 people to lift its workforce to 60.