Appliance giant sees profits increase

Pre-tax profits at Glen Electric, the Northern Ireland-based division of electric appliance giant Glen Dimplex, last year increased by 13.5% to £68.5m (€87.2m).

Glen Electric Ltd is estimated to account for around half of the Dublin-based Glen Dimplex’s overall business.

New figures show the company recorded the increase in profit after revenues went up by 4%, from £812.6m to £845m (€1.07bn), in the 12 months to the end of March this year.