Pre-tax profit of €6.3m recorded at Creganna

Galway firm Creganna Medical Devices made a pre-tax profit of €6.3 million in 2005 after netting €1.7 million from the sale of a subsidiary.

20th January, 2007

Galway firm Creganna Medical Devices made a pre-tax profit of €6.3 million in 2005 after netting €1.7 million from the sale of a subsidiary.

The company’s profit in 2005 was an increase of almost 160 per cent on the 2004 figure of €2.4 million. Creganna recorded the €1.7 million gain after selling its 50 per cent stake in a Dutch company called Blue Medical Devices.

Creganna had turnover of €26 million in 2005, down slightly from €26.4 million...

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