Cork hardware firm has €40m turnover as profits double

Profits at Irish International Trading Corporation (IITC), a Cork hardware supplier, more than doubled in 2004 as its turnover increased to almost €40 million.

Ian Kehoe - avatar

Ian Kehoe

31st December, 2005

Profits at Irish International Trading Corporation (IITC), a Cork hardware supplier, more than doubled in 2004 as its turnover increased to almost €40 million.

The company made a pretax profit of €1.9 million, according to accounts just filed, up from €863,000 for the previous year.

Operating profits also increased from €1.2 million to €2.3 million, while gross profits jumped from €5.7 million to €7.7 million.

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