Phone distributer's revenue hits €298m
REVENUE at a company that distributes mobile phones for the likes of Vodafone and the Carphone Warehouse topped a quarter-of-a-billion euro last year as the business grew to become one of the biggest in the country.
Accounts just filed for Fonua showed revenue in the year to June 30 last year swelled to €297.5m from €159.8m the previous year. That translated into a pre-tax profit of €11.4m, up from €8.8m the year before.
The company was part of the multinational 20:20 Mobile Group, which pulled out of the company in December 2010 and disposed of its 51pc stake in Fonua.
The business, which is led by managing director Fergus de Burca, claims to have in excess of 60pc market share in handset distribution and over 70pc of the phone repair business in Ireland through its sister company, Fonfix.
It boasts a number of high-profile clients such as Vodafone, Tesco Mobile and the Carphone Warehouse.
Staffing increased by 27 to 206 during the year and wages and salaries soared by more than €5m to €12.6m. Accumulated profits now stand at more than €11.5m.