Pre-tax profits at the group that imports and distributes luxury car brands, Jaguar and Land Rover more than doubled to €6.65m last year.

The Dublin-based commercial vehicle importer and distributor Armalou has recorded an €876,796 gain after negotiating a debt writedown.

Pre-tax profits at the group that imports and distributes luxury car brands, Jaguar and Land Rover into Ireland, more than doubled last year to €2.28m.

The Dublin-based commercial vehicle importer and distributor, Armalou recorded pre-tax losses of €5.4m in 2012 after write-downs in property and investments.