Belfast Telegraph

GAA kit-maker's profits kick on to £1m

By Gordon Deegan

Sales of jerseys of last year's All-Ireland semi-finalists Tyrone helped sportswear firm O'Neills to bumper combined profits of over €1.38m (£0.98m) at its separate Northern Ireland and Republic of Ireland arms.

Accounts filed by O'Neills' Dublin business showed that the company increased its pre-tax profits by 63%, from €313,464 (£221,523) to €511,218 (£361,275). Gross profits at the firm, meanwhile, increased by 10%, from €8.27m (£5.8m) to €9.269m (£6.6m).

Separate accounts filed by O'Neills' Northern Irish arm, which is based in Strabane, Co Tyrone, showed that the company recorded pre-tax profits of £618,570 last year.

The 37% increase follows gross profit increasing by 3%, from £3.76m to £3.89m.

The numbers employed at the Dublin arm of the company increased by 20 to 163.

The directors note attached to the report for Strabane-based O'Neill Irish International Sports Company Ltd stated that "an increase in turnover was achieved by the company as margins fell in comparison with the previous year".

It added: "Overall, the directors are satisfied with the performance of the company in the year."

Associated with the GAA since it was set up on Dublin's Capel Street in 1918, the group operates two manufacturing plants, in Strabane, Co Tyrone, and another Walkinstown Avenue, Dublin.

Belfast Telegraph