Procter & Gamble’s Irish unit returns to profit

The main Irish arm of consumer products group Procter & Gamble swung back into profit last year after revenues increased by 69% to €90.3m.

According to accounts just filed by Procter & Gamble (Manufacturing) Ireland Ltd, the firm recorded pre-tax profits of €5.5m after recording a loss of €4.5m in 2010 — a positive swing of €10m. This followed the firm increasing its revenues by 69% from €53.3m to €90.3m in the 12 months to the end of June 2011.

The principal activity of the firm is the manufacture and distribution of personal care, oral care, health and beauty products and it operates two manufacturing plants in Ireland at Nenagh and Newbridge.