Northern Irish furniture wholesaler Annaghmore Agencies has reported an increase in sales as the company returned to profit.

According to its latest filed accounts for the year ended 31 December 2024, total sales rose 4.7% to £10.7m from £10.2m in 2023.

Pre-tax profit resulted at £110,000, improving from its loss of £371,000 recorded the previous year.

Stated within its report, the company said gross profit margin resulted at 35.5% with year-end net assets of £4.47m.

Commenting on the results, the company said: “The directors find the company’s annual performance and year-end position satisfactory given the current trading conditions. A decrease in disposable incomes and ongoing global events impacting stability have contributed to a continually challenging operating environment.

“However, the directors are committed to long-term creation of shareholder value by increasing the company’s market share through organic growth. Whilst the incoming year is significantly challenging, results to date suggest the company have been able to perform well despite testing conditions.”