Londis reports 20% profit hike

ADM Londis plc, one of the leading retailers in the country, has reported a 20% jump in pre-tax profits to €6.1m as a result of more store openings in 2007.

The good set of results for the year up to December 31, 2007 was made on a wholesale turnover of €371m, which was up 4.5%. The group also announced that its shares are now valued at €85.04 each, an increase of 7% on the April 2007 valuation.