Machinery company makes €3.2m profit (SBP – 19th November 2006)

My article on Irish company Modern Plant, from today’s Sunday Business Post (link here):

Modern Plant, the engineering-machinery company that has its head office on the Naas Road in Dublin, made a pre-tax profit of €3.2 million in the year ending March 2006, according to accounts just filed.

The business reported operating profits of €3.1 million.

The company employed 63 people during the year. Some €2.7 million was paid in salaries; the average salary at the company during the year was just over €42,000.

The company is owned by Henry Thomas Bolger, who has an address in Sandyford.

The company’s five directors shared €596,000 last year.

In the directors’ report, the risk of unrealistic wage and infrastructure increases as well as increases in inflation are listed as potential problems for the company in the future.

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