Future hots up for island knitwear firm as profits rise

A remote island knitwear firm that counts Barney’s and Bergdorf Goodman in New York among its clients last year had a substantial increase in profits.

Located on the smallest of the three Aran Islands, Inis Meain Knitting employs 16 on the island that has a population of around 160, making the business arguably more important than Intel is to Kildare or Apple is to Cork.

Accounts recently filed by Cniotail Inis Meain Teoranta show accumulated profits more than doubled from €33,274 to €68,358 in the year to the end of December 2012.