Cork wholesaler M&P O'Sullivan has posted an increase in turnover to €21.57 million for the year to end December 2014, according to accounts just filed (2013: €21.13 million).
Gross profit stood at €3.22 million (2013: €3.08 million) for the period, and following an increase in distribution costs and administrative expenses, the company saw its profit after tax stand at €268k for the period, down from €423k a year earlier.
In a statement, directors for the company said that the group "experienced a marginal increase in turnover during the year in a difficult business environment. […] The group operates in a competitive industry. It faces continuing changes in consumer demand."
The number of employees at the company at year-end was 52, up from 46 the previous year.
In October of this year, Minister for Agriculture Food & the Marine Simon Coveney visited the M&P O Sullivan headquarters in Wilton, Cork to commemorate the group's 110th anniversary.
The company's directors are James O Sullivan and Pat O Sullivan, while sons David, Patrick and Eoin are also involved in the family business.
© 2015 - Checkout Magazine by Stephen Wynne-Jones