Kendal Nutricare, the UK-based infant formula company owned by Monaghan native Ross McMahon, saw its profits more than triple for its financial year to the end of March 2020.

Accounts recently filed for Kendal show operating profits for the company more than tripled to just under £1m (€1.1m) for its 2020 financial year, as operating profit margins widened to a healthy 4.1%.