Home Employment Kilwaughter Minerals: Co Antrim quarry and minerals firm stories pre-tax revenue of...

Kilwaughter Minerals: Co Antrim quarry and minerals firm stories pre-tax revenue of practically £10m

Kilwaughter Minerals: Co Antrim quarry and minerals company reports pre-tax profit of nearly £10m

Turnover of father or mother firm Co Antrim agency Kilwaughter Minerals is up greater than 11.5% to £47.9m, the corporate stated.

Pre-tax revenue had additionally grown from £9.4m to £9.6m, in keeping with outcomes for the 12 months ended April 30, 2022.

The corporate, primarily based in Larne, stated its monetary efficiency mirrored elevated demand in building because the coronavirus pandemic eased.

Kilwaughter Holdings is a minerals processor primarily lively in building and agriculture. Merchandise embody exterior wall insulation methods, soil health-promoting minerals and lime litter options for livestock.

The corporate additionally invested £2.2 million within the enterprise in the course of the 12 months to enhance effectivity and enhance capability.

Gary Wilmot, CEO of Kilwaughter Minerals, stated: “The newest monetary statements proceed to indicate sturdy efficiency for Kilwaughter and our manufacturers within the building and agriculture sectors.

“The continued restoration from Covid-19 and related lockdowns in the course of the reporting interval resulted in elevated demand, leading to elevated gross sales in all our key markets.

“Investments have been made on a number of fronts, together with organizational capability and capital infrastructure.

“With a give attention to altering buyer necessities, we additionally proceed to spend money on our product portfolio and can proceed to take action within the coming months and years as we goal new market segments.”

Kilwaughter’s manufacturers embody Kilwaughter Lime, Ok Techniques and Ok Rend, the biggest unbiased producer of silicone plasters within the UK and Eire.

The corporate was named by Deloitte Eire as certainly one of Eire’s greatest managed firms.

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