Musgrave Group sales rise 1.6 per cent
Musgrave Group has reported a 1.6 per cent rise in sales to €4.5 billion for the year to the end of 2011 with profits falling 1 per cent to €71 million.
Musgrave Group has reported a 1.6 per cent rise in sales to €4.5 billion for the year to the end of 2011. Financial results from the retail group showed a 1 per cent fall in profit to €71 million, compared to 2010.
The company’s debt increased from a net cash position of €21 million in 2010 to €187 million at year end following the acquisition of Superquinn, the annual results showed.
The company said that, together with its...
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