Londis report 62% profit increase

The Londis retail chain has reported a 62% rise in profits to €4.6m.

The Londis retail chain has reported a 62% rise in profits to €4.6m.

The group which added 43 shops to its franchise last year recorded an 11.1% increase in wholesale turnover to €336m.

Stephen O Riordan Joint Chief Executive ADM Londis has said that the group's significantly accelerated sales growth and increased brand presence was proof that it's conversion to plc status has greatly benefited the business.

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