Electrical giant sees fall in profits

Pre-tax profits at Glen Electric, the Northern Ireland-based division of electric appliance giant Glen Dimplex, decreased by 4% to £60.3m (€72.4m) last year.

Glen Electric Ltd accounts for around half of the Dublin-based Glen Dimplex’s overall business, and new figures show the company recorded the profit fall after revenues declined by 3.5%, from £843m to £812m, in the 12 months to Mar 31.

Glen Dimplex has unlimited status and is not required to file public accounts.