IWP said today it is now focused on growth after a year of reorganisation.
The group delivered pre-tax profit of euro 28.3 million for the year to March 31st, marginally ahead of the euro 27.8 million reported in the previous year.
Turnover from continuing operations grew 10 per cent to euro 566.1 million from 515.2 million.
It said that during the year under review its strongest performing division was Household, which contributed a 19 per cent increase in operating profit.
IWP's chief executive Mr Joe Moran said that, in overall terms, 2001 was a year in which substantial reorganisation took place in the personal care division, the market position in Poland was enhanced and the household products division had "a very satisfactory year".
"The group has been significantly transformed over the past 24 months. These developments and the associated restructuring were, however, essential," he said.
He said the group's businesses are now focused on growth and the delivery of cash and increasing profits.