Furniture wholesaler grows top and bottom lines

Northern Irish furniture wholesaler Annaghmore Agencies has reported a growth in sales and profit.

According to its latest filed accounts for the year ended 31 December 2021, total sales rose 4.5% to £13.3m from £12.7m in 2020.

Gross profit decreased from £4.6m to £4.5m, while pre-tax profit resulted at £624,000, up from £561,000 recorded the previous year.

Stated within its report, the company said gross profit margin resulted at 36.7% with year end net assets growing from £4.3m to £5.3m.

“Whilst the incoming year is significantly challenging, results to date suggest the company has been able to perform well despite testing conditions,” the business added.

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