Tool maker Oglesby & Butler has reported an improved sales performance for the year to the end of March.
The company said sales rose by 42% from the previous year to just under €7m, enabling the company to swing into profit. Pre-tax profits were just over €700,000, after a loss of €500,000 the previous year.
O&B said sales had been boosted by new products which provide a smokeless alternative for smokers. It has also launched new car repair kit and agricultural products.
The company is also proposing to pay a final dividend of one cent per share.
It said it had recruited an extra 30 people since the end of March to cope with increased demand, but warned that wage costs were still higher than in its overseas competitors and had affected trading in some areas.
