Cork-based sportswear firm sees €182k hike in profits last year

The Cork-based sportswear firm that supplies helmets to many of the country’s top hurlers enjoyed a €182,000 increase in profits last year.

Cork-based sportswear firm sees €182k hike in profits last year

Newly-filed accounts for Mycro Sportswear Ltd show that the firm’s accumulated profits increased by €182,141 from €1.45m to €1.63m in the 12 months to the end of June last.

The bumper 2014 enjoyed by Mycro followed the firm enduring a tough 2013, when its accumulated profits dropped by €129,000 from €1.58m to €1.45m.

Separate figures show that 2012 was also challenging for the firm when accumulated profits decreased by €236,000 from €1.8m to €1.58m.

The firm was established in 1986 and is the biggest supplier of hurling helmets in Ireland with the standard helmet selling for €75.

The firm’s current helmet is the 5th generation of equipment that is available and the helmets are manufactured at Ballincollig in Co Cork using raw materials from local suppliers.

The firm has benefited greatly from the GAA making it mandatory for all hurlers to wear a helmet since 2010. A study has shown that the proportion of hurling-related head injuries among A&E treated players are reduced 10 fold when full head protection is availed of by wearing both a helmet and a face guard.

Stars such as Cork’s keeper, Anthony Nash along with Richie Power from Kilkenny and the recently retired Tommy Walsh endorse the firm’s helmet range.

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