Profits fall at Cork-based Kearys Motor Group despite record €280m turnover 

Group's pre-tax profit fell by 8% to €8.1m as supply chain delays and rising costs impacted the business

Bill Keary, Chairman and Brendan Keary, CEO of Kearys Motor Group. Pic Daragh Mc Sweeney/Provision

A "very successful" surge in post-pandemic demand saw turnover at Cork-based Kearys Motor Group reach record levels last year, increasing by 21% to a total of more than €280m.

New accounts show the group's turnover increased by €50m in the twelve months ending in February 2023 as activity returned to normal levels following the disruption of the pandemic, with last year also seeing the group acquire the Dublin-based Renault Retail Group Ireland.