PCH revenue increases by 72%

Cork-headquartered PCH International generated €510m ($710m) in revenue in 2011 — a 72% increase on the previous year.

Gross profit for the year was €50.8m, which is a 46.6% improvement on 2010, while net profit was €12.9m, which was a 26.7% jump on 2010 levels.

The company attributed the lower year-on-year rise in net profit compared with revenue to an increase in the number of employees and investment in technology. At the end of 2010, the company had a head count of 1,300, which has grown to a current level of 4,000.