Profits doubled at Newbridge-based multi-national Procter & Gamble

Profits more than doubled at the main Irish subsidiary of consumer products giant Procter & Gamble in 2017.

Newly filed accounts show it recorded a pretax profit of €25.5 million in the 12 months to the end of June 2017, compared to €11.7 million a year earlier.

Much of those profits derived from discontinued operations, with just €9.1 million coming from current operations.

Turnover for the company, which employs close to 500 people at its oral care facility in Newbridge dropped from €97.9 million to €75.4 million.

Procter & Gamble, whose portfolio includes Oral-B, Braun and Gillette, sold 43 of its beauty brands to Coty in October 2016 in a $12.9 billion (€12.13 billion) deal that saw its Nenagh plant being transferred to its rival.