Pharmacy chain profits up 55% in year before sale

Pre-tax profits at the newly-acquired Sam McCauley Chemists group jumped 55% to €4.63m last year, new figures show.

Two months ago, private equity house Carlyle Cardinal Ireland (CCI) acquired a majority stake in the pharmacy group in a deal understood to be worth €50m.

Newly-filed accounts show revenues increased by 5% to €78.8m last year.