THE Quinn Group is projecting pre-tax profits of Euros 440m in 2007, more than double the returns made last year. The company, which is currently believed to be Ireland's largest & most profitable private business, is reaping huge returns from big investments in its manufacturing operations while continuing to earn massive profits from QuinnDirect, its highly successful insurance arm. The projected profits would rank the privately-owned Quinn Group among the top 10 quoted Irish companies, & make it more profitable than Kerry Group. This year's expected profits of 270m Euros supports a valuation of nearly 3BN, but the 2007 projections would increase that value closer to 5BN. At that level, Sean Quinn & his family, who own 100% of the company, would move to the top of the Sunday Times rich list.
