Earnings at building materials and packaging maker, Quinn Industrial Holdings (QIH), grew to €26.6 million last year, the latest figures show. Earnings before interest, tax, depreciation and amortisation, which measures the cash that a business generates, inched up to €26.6 million in 2019 from €26.4 million the previous year, the group added. QIH invested €11.5 million in its businesses during 2019, bringing to €60 million the total spent on its operations since 2014, the year they were bought from the group founded by businessman, Sean Quinn. A group statement also noted that earnings grew in the face of increased uncertainty around the UK’s exit from the EU. He pointed out that 2019 was the fifth year in a row during which earnings grew.

Source: The Irish Times September 28, 2020 12:33 UTC