Australia and UK outperform domestic market via IrishTimesBiz
Mr Towell said O’Neills’ markets in Australia and the UK had outperformed the domestic market in terms of growth in 2022.
Mr Towell warned that profits this year would be down significantly on the business’s €1.56 million the company earned last year, a figure that was 36 per cent ahead of 2020.Accounts filed by Balbriggan Textiles Ltd, the main Irish arm of the sports brand, show that the increase in profits came as gross profits rose by 6 per cent from €11.1 million to €11.76 million.
At the end of the year, the firm had accumulated profits of €23.07 million while its cash funds increased from €4.2 million to €6.49 million.
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