Profits at United Overseas

United Overseas group has reported a 40 per cent rise in pre-tax profits to £2.6 million sterling for the six months to end June. The UK-based group, which was floated on the Stock market in April, has a 50 per cent stake in the Ballina-based toys and games distributor, Kertoy. United supplies branded toiletries, cosmetics, toys, games, household goods, spots good confectionery and beverages to 700 customers in 67 countries. Kertoy produced record results in the first half, with turnover up over 40 per cent, according to United chairman, Mr Norman Riddell. Group turnover for the first six months was 15 per cent higher at £41.5 million. Trading is in line with expectations in the current half which is traditionally a busier trading period.