OHM luxury car group see profits increase by 31%

Pre-tax profits at the group that imports and distributes luxury car brands, Jaguar and Land Rover, into Ireland last year increased by 31% to €2.98m.

The increase in profits came as revenues at Armalou Holdings Ltd soared by 37% from €80.6m to €110.3m in the 12 months to the end of last December.

Armalou is the holding firm for the OHM Group and profits and revenues at the group grew as sales of Jaguar and Rover increased sharply last year.