Musgrave Group's Centra franchise grew by 17 per cent to €1.2 billion last year. Image: David Sleator.
The Musgrave Group which own both the SuperValu and Centra franchise as well as a growing number of retail outlets outside of Ireland has announced that its before tax profit for last year was up 14.2 per cent to €81m.
Turnover increased by 4.5 per cent to €4.6 billion while net debt was reduced by €139m to €186m in 2006.
The company's Centra franchise grew by 17 per cent to €1.2 billion, and sales to members of the SuperValu franchise network grew by 11 per cent to over €2 billion.
In Northern Ireland, sales of €556m were up 9 per cent on 2005 throughout its SuperValu, Centra and DayToday outlets.
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The company said 75 per cent of all products sold in SuperValu and Centra stores in the Republic was sourced or made in Ireland.