| 12.2°C Dublin

O'Neill's goal to boost sales to Irish in Australia

Close

Shane O'Donnell, main, is lifted shoulder-high by his team-mates after Clare's All-Ireland final victory

Shane O'Donnell, main, is lifted shoulder-high by his team-mates after Clare's All-Ireland final victory

SPORTSFILE

Shane O'Donnell, main, is lifted shoulder-high by his team-mates after Clare's All-Ireland final victory

Irish sportswear firm O'Neill's has opened a sales office in Australia in a bid to take advantage of the emigrant dollar there.

Director Paul Towell said the move aims to further drive sales after they rose a "remarkable" 20pc last year.

Mr Towell was commenting on new accounts for the O'Neill group in the Republic showing that pre-tax profits last year rose 10pc to €313,464.

This follows gross profit rising 3pc to €8.2m.

Mr Towell attributed part of the jump in profits to the 'significant' number of Clare jerseys sold by O'Neills last year as the Banner county strode towards their All-Ireland hurling win.

"Clare had not been involved in an All-Ireland final for a while and we did sell a lot of Clare jerseys last year," Mr Towell added.

Accumulated profits at O'Neill's Balbriggan Textiles totalled €14.39m last year. The firm's cash increased from €2.3m to €3.5m.

Results for the firm's Northern Ireland arm, O'Neill's Irish International Sports Company, also improved last year with pre-tax profits rising by over £27,000 to £452,364. This follows the firm's gross profit decreasing from £3.64m to £3.46m.

In spite of the drop in gross profit, the firm's revenues increased by 4pc. Accumulated profits at the Northern Ireland arm totalled £6.4m last year.

Irish Independent