Lowry company profits up €230k

Michael Lowry’s refrigeration business experienced a cool increase of almost €230,000 in accumulated profits last year, according to accounts filed to the Companies Registration Office (CRO).

Garuda Ltd, which trades as Streamline Enterprises, recorded accumulated profits of €1.3 million in 2013 — an increase of €229,515 in the 12 months to the end of December last.

Cash in the firm almost doubled from €393,139 to €766,205 during the accounting period, while debtors dropped from €985,948 to €874,582.