Kilkenny Group profits almost double to €1.5m

Profits at the Kilkenny Group almost doubled last year to €1.5m.

New accounts filed by the group’s Clydaville-Investments Ltd show the business posted a 70% increase in pre-tax profits as revenues increased 9% to €27.8m in the 12 months to the end of February 2015.

“In light of the continuing difficult economic climate prevailing, the directors are very satisfied with the operating results which show an increase in sales and profitability and net funds,” the directors say.