Hardware firm makes pre-tax profit of €1m

The company behind the Homevalue Hardware chain of DIY shops made a pre-tax profit of €1 million in 2005 as sales rose to €168.8 million.

17th February, 2007

Associated Hardware, which is based in Citywest in Dublin, acts as a buying group for more than 60 independent retailers that use the Homevalue Hardware brand. Its sales have been increasing steadily in recent years, rising from €120.8 million in 2003 and €152.2 million in 2004.

The company’s profits have also been increasing, and it had an accumulated profit of €6.1 million at the end of 2005.

According to newly-filed accounts for Associated Hardware, ‘‘the group will...

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