BWG Holdings, which owns the Spar and Mace convenience store brands in the Republic of Ireland, has reported operating profits of €37.8m for last year.
It says this represents a rise of 15% on 2002. Turnover was €1.8 billion. BWG, formerly owned by Pernod Ricard, was bought out by management in July 2002.
Chief executive Leo Crawford said that during the year BWG sold four non-core UK businesses, realising cash of over €100m.
The company has also announced an expansion of its Bargain Booze franchise in the UK from 500 to 650 stores over the next three years, creating 1,000 new jobs.
