rket giant Aldi saw massive growth in Ireland and the UK last year with pre-tax profits more than doubled to €185 million.At the beginning of the month, ESM reported that Aldi posted record UK profits and although the company does not disclose sales or profits in Ireland, the latest data from Kantasr Worldpanel states that their market share of the Irish supermarket sector rose by 24.3%.
Aldi and their discount german rival LIDL, currently share 14.9% of the Irish supermarket business.
Accounts for the German-owned Aldi Stores Ltd posted to the Companies' Office show profits are following a jump in sales.
Revenues soared by more than £1bn (€1.18bn) or 40% from £2.76bn (€3.26bn) to £3.89bn (€4.59bn) in the 12 months to the end of December last.
The firm's pre-tax profits rose by 124% from £70.5m (€83.3m) to £157.9m (€186.6m) during the year.
Aldi opened its first supermarket in Ireland in 1999 and now has around 100 stores there.
