Business Irish

Thursday 17 August 2017

Shoe firm enjoys 'Amy effect' as profits soar

Actress Amy Huberman promoting Striking Out on RTE
Actress Amy Huberman promoting Striking Out on RTE

Amy Huberman helped a Co Monaghan shoe firm to a record year last year as profits soared by €969,342.

New figures filed by the family-owned Buddha Brand Industry firm show that the 'Amy effect' helped the firm to a record year as accumulated profits increased to €2.7m.

Sales of Amy's shoes last year helped the firm's revenues increase from €9.3m to €9.6m.

The new accounts show that the association with Ms Huberman and Irish rugby international Tommy Bowe continue to have a transformative effect on the firm's fortunes.

Prior to the firm enjoying the full effects of the dividend from Ms Huberman, its increase in profits for the year totalled €15,745 in the 12 months to the end of January 2013.

The spokesman said that the firm enjoyed a record year last year.

The firm's cash pile last year increased from €1.19m to €1.65m. Staff costs increased from €386,428 to €445,434.

Irish Independent

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