Turnover was also up again, by 5% to €8.6 million from the previous year’s €8.1 million rendering a rise in Operating Profits of 25% to €1.5 million from €1.2 million.
The company managed to more or less contain staff costs during the year for its 95 staff (including directors). Together, the 84 ‘sales staff’ and 11 managers cost the company €2.49 million.
Directors’ remuneration again grew, this time by nearly 50%, to €169,022 from €114,400.
Declan O’Reagan is a director of Telfer along with Maeve O’Meara and Jacob Koshy Kalaparampil.