Bathroom products manufacturer Qualceram Shires today said the company was focused on strengthening its revenue growth.
At the company’s AGM in Dublin today, chief executive Mr John O'Loughlin said the British market remained stable and said post-September 11th pessimism has given way to a cautious optimism.
In March this year the company reported pre-tax profits up 51 per cent to €2.3 million from €1.5 million a year earlier while operating profits were up 77 per cent at €9.4 million.
Turnover from continuing activities jumped by 138 per cent to €99.2 million while the group announced a final dividend of 3.5 cent per share, up from 3.34 cent last year.
Mr O'Loughlin said the €53 million year-end debt for 2001 was high but said the company hoped to reduce this to about €45 million by the end 2002 and a number of properties were likely to be sold to strengthen the company’s position.
Qualceram Shires shares were trading unchanged at 240 cent compared with a year high of 305 cents in July 2001.