New accounts filed by TJX Ireland UC show that revenues also rose, by 1.6pc from €230.44m to €234.18m, in the 12 months to the end of February 1 last.

The €10.13m recorded for this year followed pre-tax profits of €7.47m in the prior 53-week period.

In the accounts the directors state that the increase in turnover was primarily driven by an increase in customer transactions.

The accounts also cover the performance of the firm’s Homesense stores. There are currently 27 TK Maxx stores, with no increase over the year, while the number of Homesense stores also remained the same, at two.

The directors state that the main activity of the company is the retailing of quality, fashionable brand-name and designer merchandise at generally 20pc to 60pc below retailers’ regular prices on comparable

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