Trailer company SDC's pre-tax profits shoot up 80%
CO Londonderry trailer company SDC has announced pre-tax profits of £7m - up 80% on £3.9m the year before.
The Magherafelt firm, which manufacturers and sells commercial trailers, also revealed sales of £150.3m for the year to the end of March 2015 - up 39% from £108.2m in the previous year.
And its latest filed accounts showed that employment had grown from 405 to 560, with the bulk of new hires in production.
Employees received wages, social security costs and pension contributions of £15.8m, and average salaries were around £25,500.
The company - described as the biggest trailer manufacturer in the UK - paid £1.2m in corporation tax.
In a strategic report, the firm, which is part of Retlan Manufacturing, said its financial position was satisfactory, and that the current level of activity was expected to continue.
Parent company Retlan, meanwhile, announced turnover of £172m, up 31% from £131m, and pre-tax profits of £8.5m, up 35% from £6.3m. It employs 848 staff.
Mark Cuskeran, SDC managing director, told the Belfast Telegraph: "SDC and the Retlan group is delighted at the performance for the year ending in 2015.
"This performance is down to the quality of our products, our continued innovation and especially to the hard work of our staff and loyalty of our customer base.
"Our order books are already very healthy for the whole of 2016, and we look forward to a year of further growth."
In May this year, SDC announced an order worth £15m for 700 trailers from TIP Trailer Services, a US-based firm which operates in 16 countries.
SDC also launched in Saudi Arabia at the beginning of this year after targeting the Middle Eastern market.
It was founded in Toombebridge in 1978 and now has production plants in the village, in Antrim and Mansfield, England.