Aldi profits soar to €327m

Discount supermarket giant Aldi last year continued to have exponential growth in Ireland and the UK as its pre-tax profits increased by 65% to £260.89m (€327.2m).

Accounts for the German-owned Aldi Stores Ltd just posted to the Companies’ Office show the retailer had the sharp jump in profits after revenues soared by more than £1.38bn or 36% from £3.89bn to £5.27bn in the 12 months to the end of December last.

Aldi, which opened its first supermarket here in 1999, has now over 100 stores in the country and continues to expand.