Bathroom group Qualceram Shires reports improved profits

Bathroom products group Qualceram Shires has reported pre-tax profits of €3.01m for the six months to the end of June 2004, compared with €3m the same time last year.

Group turnover increased by 8% to €52.9m from €49.2m in H1 2003. A 6% increase in operating expenses was reflected in an 86% improvement in operating profit, before goodwill amortisation, to €4.1m from €2.2m in 2003.