Glen Dimplex chief executive Fergal Leamy and executive chairman Fergal Naughton. Photograph: Chris Bellew/Fennell PhotographyRevenues at the Naughton family-owned Glen Dimplex electrical group have started to rebound quickly, according to accounts for one of the main cogs in the group.
The unit recorded an operating profit of €16.3 million, compared with an operating loss of €10.2 million the prior year. After adjustments, the profit before tax was €11 million, compared with a loss of €42.6 million in 2020. The directors said the investment programme had led to the “refinement and evolution” of the business structure, and that the prior year’s losses were due to “peak investment” in the change programme.
Source: News Formal (newsformal.com)
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