Mannok sees its profits rise despite Covid challenges Posted: 6:32 pm April 16, 2021
By Roisin Henderson
DESPITE the challenges of the past year, local manufacturing giant Mannok has once again reported an increase in its profits.
The company formerly known as Quinn Industrial Holdings last week published an overview of its 2020 performance for the 12 months ending on December 31, which showed it had increased its EBITDA by 17 percent on the previous year, rising to €31.1m. EBITDA – which stands for earnings before interest, taxes, depreciation, and amortisation – measures a company’s profitability.
During the past year, the company also launched its re-brand to Mannok, which it said had been the culmination of six year investment that saw its sales increase by 44 percent and employment increase by 25 percent.
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