The $135 million (€110 million) sale of Kerry firm Stockbyte is the culmination of a business plan that has gone exactly as founder Jerry Kennelly expected. On Wednesday, the day before the buyout was agreed, Kennelly said Stockbyte was on track to make a pre-tax profit of more than €10 million in the financial year to the end of this month. Profit last year was €4 million, up from €836,000 the previous year.
‘‘The scale of...
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