Molex back in profit as revenues rise during 2013

The owner of the exclusive five-star hotel that last week entertained Kanye West and Kim Kardashian, last year saw his Shannon-based electronic component manufacturer return to profit.

Major shareholder and co-chairman of US-based firm, Molex, Fred A Krehbiel, opened Ireland’s most exclusive hotel at Ballyfin in Co Laois in 2011.

Last week, the hotel played host to the celebrity couple on their honeymoon and now new accounts show that Krehbiel’s Molex Ireland Ltd returned to profit to record pre-tax profits of €3.83m.