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Operating profits increased 30% to €1.02m at McDonnell Brothers, the agri-trading business based outside Fermoy, Co Cork.
Accounts, which are for the year ended 31 December 2016, reveal that turnover fell 5% at the company to reach €28.7m.
Operating margin was 3.5%.
The company, which operates across three sites, Fermoy, Glanworth and Midleton made a pre-tax profit of €920,000, while net assets were €14m.
McDonnell Brothers is one of the largest independent agri suppliers in Munster, with a base of over 3,000 farmer customers.
The directors of the company are Denis McDonnell, John McDonnell, Colm Griffin and Tim Looby.
It employs 40 people, with the total staff cost at €1.99m.
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