Avoca’s pre-tax profits rise 73% to €2.07m
New figures show the business reaped the benefits from its continued expansion as Avoca Handweavers Ltd and subsidiaries enjoyed the increase in profits after revenues rose 12% from €49.72m to €55.6m in the 12 months to the end of Jan 2013. Revenues and profits were boosted by Avoca’s opening of a cafe and store at Malahide Castle in Oct 2012.
Pre-tax profits rose from €1.197m to €2.07m. Numbers employed rose from 589 to 665 with staff costs rising from €16.48m to €18.4m.
