Pre-tax profits at luxury car firm double to €2.2m

Pre-tax profits at the group that imports and distributes luxury car brands, Jaguar and Land Rover into Ireland, more than doubled last year to €2.28m.

The increase in profits came as revenues at Armalou Holdings Ltd increased by 32% from €60.89m to €80.3m in the 12 months to the end of December last.

Armalou is the holding firm for the OHM Group and profits and revenues at the group came in spite of sales of Jaguar and Land Rovers across the country declining sharply last year.