Earnings at building materials and packaging maker Mannok grew 17 per cent to â¬31 million last year, the company said on Thursday.
Formerly known as Quinn Industrial Holdings, Mannok, which makes cement and food packaging, said revenues last year were steady at â¬233 million.
Earnings before interest, tax and write-offs, a measure of the cash a business generates, rose 17 per cent to â¬31.1 million from â¬26.6 million as investment helped cut costs.
Liam McCaffrey, chief executive, pointed out that the earnings growth showed the groupâs investment in its businesses over the past six years was paying off.
Since December 2014 Mannok has spent â¬66 million on its businesses. Last year it invested â¬6.7 million on manufacturing technology and boosting capacity. It has pledged a further â¬6.1 million for this year.