Glen Dimplex enjoys surge in pretax profits

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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”.

 

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