Business Irish

Saturday 29 April 2017

Lir Chocolates to break €25m sales barrier this year

The company and supermarket giant Tesco announced last month that Lir would be supplying a range of Tesco finest chocolates to the retailer’s stores in the UK and Ireland to supply demand this Christmas
The company and supermarket giant Tesco announced last month that Lir would be supplying a range of Tesco finest chocolates to the retailer’s stores in the UK and Ireland to supply demand this Christmas

Gordon Deegan

Luxury chocolate maker Lir Chocolates is set to record revenues of over €25m for the first time this year as the business continues to expand.

That is according to managing director Stephen Cope who yesterday commented on new accounts showing that pre-tax profits rose six-fold to €677,541 last year.

The accounts just lodged with the Companies Office show that gross profits increased by 61pc, from €4.336m to €6.986m.

The new accounts cover the 12 months of 2014 while the prior period covers an eight-month period.

In an interview yesterday, Mr Cope said: "Lir has gone through a considerable growth phase over the last number of years breaking the €25m turnover in 2015.

"This has led to considerable investments into the business which operates from a modern high care food facility."

Over 1,500 tons of premium chocolate are processed each year through Lir's plant in Co Meath where 250 are employed. Shareholder funds totalled €5m last year.

Irish Independent

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