Saturday April 4, 2020

Profits boost for SWS Group

SWS Group, the Bandon-based company that is on the verge of being taken over by IAWS Co-op, is set to report a 30 per cent increase in profits in 2004.

3rd September, 2005

The financial and energy group is expected to announce pre-tax profits in excess of €4.1 million this week, well ahead of the €3.2 million recorded in 2003.Turnover is expected to be in the region of €24 million, up more than 30 per cent on the previous year.

The anticipated healthy profit margin underlines the attraction of SWS to IAWS Co-op, which said in April that it had proposed to pay €64 million for the business.


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