Companies
Profits surge to €45m at former Quinn Group company
Mannok Holdings, the Fermanagh-based manufacturer of cement and insulation products, saw its profit margins recover to above 14 per cent
Mannok, the Fermanagh-based manufacturer of construction products previously known as the Quinn Group, saw its profits surge during 2023 as inflation pressures eased and margins recovered.
In a statement on Thursday, the company said its full year earnings (Ebitda) increased 74 per cent last year to €44.9 million, which was primarily driven by margin recovery as cost absorption reduced in tandem with a fall in inflation as well as “benefits gained from previous investments in ...
