Fexco profits close to €290m

Company had €159m of cash available and little long-term debt

Fexco founder Brian McCarthy

Fexco, the Kerry-based financial services giant, saw its retained profits hit almost €290 million last year, cementing its position as one of the largest private companies in the country.

As an unlimited company Fexco is not required to disclose all of its financial information, however, a snapshot of its details are published on its website for regulatory purposes.

For the year ended December last, the company had €159 million of cash available and ...