Timber firm profits up 37%

Pre-tax profits at timber processing group, Glennon Bros last year increased by 37% to €6.84 million.

The group operates plants in Fermoy, Co Cork, and Longford, along with facilities in the UK, and this year commissioned a €13m secondary processing line at Fermoy.

According to accounts just filed by Glennon Bros Holdings Ltd, revenues increased by 10.8%– from €95m to €105.13m – in the 12 months to the end of December last.