The company's expenses rose at the same time, from $164.2 million to $247.6 million, accounts show.
The Waterford company handles all of SRAM's European bike sales, with $112.3 million of the sales coming from Germany, $32.6 million in Britain, $16.9 million in France, around $90 million in the rest of Europe, and $19 million in the rest of the world.
Just $417,321 was generated in Ireland.
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