Maxol firm's turnover increases to €670m

Turnover at McMullan Bros, the firm behind the Maxol oil-distribution and service-station business, rose 15 per cent to almost €670 million last year.

29th October, 2005

Turnover at McMullan Bros, the firm behind the Maxol oil-distribution and service-station business, rose 15 per cent to almost €670 million last year. Pre-tax profits remained static at €9.4 million, while gross profits fell 14 per cent to €42.4 million, according to accounts just filed.

Operating profits fell from €9.3 million to €1.2 million in 2004, due to a €95 million increase in the firm's cost of sales. But the group made a €9.5 million profit from...

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