Lovely hurling as helmet firm enjoys profit rise
Published 23/05/2015 | 02:30
The sportswear firm that supplies helmets to many of the country's top hurlers enjoyed an €182,000 increase in profits last year.
This weekend heralds the start of the hurling summer with 2013 All-Ireland winners Clare clashing with Limerick tomorrow in Thurles.
New accounts lodged by Mycro Sportswear with the Companies Office show that the firm's accumulated profits rose from €1.45m to €1.63m in the 12 months to the end of June last.
The bumper 2014 enjoyed by Mycro followed the firm enduring a loss-making 2013 when its accumulated profits dropped by €129,000 from €1.58m to €1.45m.
The firm was established in 1986 and is the biggest supplier of hurling helmets in Ireland with the standard helmets selling for €75.
The firm's current helmet is the fifth generation of equipment that is available and they are manufactured at Ballincollig in Co Cork using raw materials from local suppliers.
The firm has benefited greatly from the GAA making it mandatory for all hurlers to wear a helmet since 2010 - a study has shown that the proportion of hurling-related head injuries among A&E-treated players are reduced ten-fold when full head protection is availed of by wearing both a helmet and a face guard.
Stars such as Cork's keeper Anthony Nash along with Richie Power from Kilkenny and the recently retired Tommy Walsh endorse the firm's helmet range. Last year, Mycro's cash pile jumped to €454,306 and it has a healthy export business to Australia, Japan, the UK, France and the US.
The firm's directors are listed as medical doctor, Dr Patrick Crowley and Denis Cremin.