Musgrave enjoys record profits

Irish retail giant Musgrave today announced record profits after tax up 20% to €51.5m for 2004, with turnover climbing 13% to €3,762m.

Mon, 09 May, 2005 - 13:00

Irish retail giant Musgrave today announced record profits after tax up 20% to €51.5m for 2004, with turnover climbing 13% to €3,762m.

Group sales climbed 13% to €3.8bn. Musgrave's net debt reduced by €12m to €383m after investing €88m in acquisitions, while the company enjoyed strong growth in the SuperValu and Centra brands.

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