Shoe firm enjoys 'Amy effect' as profits soar
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.