Company sells global brand rights for Morphy Richards home appliances to Chinese company for €185m
Accounts filed by Glen Dimplex Europe Holdings Ltd show that the business enjoyed the boost in profits as revenues rose by 2 per cent from €944.03 million to €962.7 million in the 12 months to the end of September last.
Numbers employed across Glen Dimplex Europe Holdings last year increased by 204 to 4,595 as staff costs from €248.4 million to €253.9 million.The group recorded the sharp jump in pretax profits chiefly from a €170.69m gain on the sale of intangible assets. The note said that the increase in turnover was driven by strong growth in a number of categories “and a tapering of sales in some more traditional areas of activity”.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Glen Hansard at Iveagh Gardens: Stage times, set list, ticket information, weather and moreEverything you need to know about the star’s Dublin concert on Saturday, July 6th
Read more »
Enterprise Ireland sees record year for client company exportsAgency says UK remains main export market despite Brexit
Read more »
How an Irish company is treating tinnitus patients in the USLinear, a machine from Irish company Neuromod Devices, has secured FDA approval for treating tinnitus patients in the US. Video: Reuters
Read more »
Case involving Johnny Ronan company and council firm goes to arbitrationDLR Properties Ltd brought proceedings against RGRE Devco 4 Ltd and Ronan Group Real Estate Ltd relating to €35m office plan in Cherrywood
Read more »
AI chip giant Nvidia leapfrogs Microsoft and Apple as most valuable listed companyBanks were in focus on Dublin market as it was confirmed that euro zone inflation ticked up to 2.6 per cent in May
Read more »
Increase capital gains tax relief for company owners in Budget 2025, says DeloitteBig Four accounting firm also wants standard VAT rate cut to 21% and higher rate income tax threshold raised to €50,000
Read more »