Londis announces 20% rise in profits

Retailers, ADM Londis, have announced a 20% increase in profits before tax to €6.1m, in its annual results for the year ended December 31, 2007.

The group also had a wholesale turnover of €371m, up 4.5%.

The group added 35 new stores last year brining its total to more than 370, with a turnover of €761m.