Latest news with #LSL
Irish Examiner
29-05-2025
- Business
- Irish Examiner
44-acre North Tipperary farm exceeds expectations at auction
Last featured here on May 14, a 44-acre farm in North Tipperary was successfully sold at auction last Wednesday, May 21. The man with the gavel was Tullamore-based Thomas Potterton of REA Potterton. The auction was live at the County Arms Hotel in Birr, with a simultaneous auction online via the LSL auctions platform. The pre-auction expectation was between €12,000 and €13,000/acre. The farm is at Castlesheppard, approximately 3kms off the N52, 8kms from Borrisokane, 15kms from Birr and 22kms from Nenagh. 'We had great interest in the land prior to the auction,' says Thomas. 'On the day itself, we had a full room – about 25 to 30 people – as well as a couple of people who had registered online. The bidding opened at €400,000.' The 44-acre farm was sold for €580,000. With four bidders in the mix initially (including one online), the value of the farm increased up to €520,000. After it passed the €550,000 mark, there were just two bidders remaining – one in the room and one online. 'We declared it on the market when it reached €580,000,' says Thomas. With no further bids coming, it was sold to the bidder in the room, who purchased it in trust – possibly on behalf of a farmer. At a price of €13,200/acre, it was a satisfactory one for the vendor, exceeding expectations.
Irish Examiner
14-05-2025
- Business
- Irish Examiner
€12-€13,000/acre expected at auction for 44-acre Tipperary farm
Coming up for auction next Wednesday, May 21, is an interesting 44-acre holding located in North Tipperary. The man with the gavel on the day is Tullamore-based Thomas Potterton of REA Potterton, and as well as the live auction at the County Arms Hotel in Birr, there will also be a simultaneous live online auction via the LSL auctions platform. The property is in the townland of Castlesheppard in North Tipperary in a fertile zone about 3km off the N52, 8km from Borrisokane, 15km from Birr and 22km from Nenagh. 'It's a really nice block of land,' said Mr Potterton of the holding. 'It's all in permanent pasture and it's probably best suited as that. It's laid out in three or four fields and there's a nice piece of woodland of about seven or eight acres in the centre. 'There's piped water supply to each of the fields. There's a good well there but there's also mains water available at the roadside.' The locality is well supported by an established farming infrastructure with abattoirs, contractors, merchants, Nenagh livestock market, and other service industries, which are all close at hand. The property includes a good farmyard with outbuildings. These include a hay barn with lean-to out offices and crush. According to the selling agents, the lands have been carefully farmed down through the years and ready to go for the next owner. 'It would also be a lovely piece of land to build a house on,' added Mr Potterton, who pointed out there are two entrances directly from the public road. 'You have plenty of road frontage onto a minor public road… it's also a lovely area, with the Slieve Bloom mountains in the background.' The locality, Mr Potterton added, is well supported by an established farming infrastructure with abattoirs, contractors, merchants, Nenagh livestock market, and other service industries, which are all close at hand. According to the selling agents, there has been a good level of interest so far. In terms of price, the hope is the farm will make in the region of €12,000 to €13,000/acre. It's a reasonable amount that should be very achievable for a quality land block in this part of the world.
Business Standard
21-04-2025
- Business
- Business Standard
Liberty Shoes hits the roof after strong Q4 business update
Liberty Shoes was locked in 20% upper circuit at Rs 406.55 after the company stated that it has crossed remarkable number of its top line in its history with improved EBIDTA and overall financial performance. The shoe maker said that the year saw the successful launch of performance footwear with innovation & new technology. The company expanded into tier-2 and tier-3 markets with 50 new exclusive brand outlets. It recorded increased contribution from digital and omni-channel sales. Also, improved working capital cycle and inventory optimization lead to increased operational efficiency. As a result, the company managed to deliver significant improvement across all sales segments including major financial parameters in Q4 & FY 202425 compared to Q4 & FY 202324, reflecting the success of its product innovation, retail & digital expansion, and operational efficiency initiatives. "The other important financial performance like gross margin, ROCE, inventory turnover has added value to overall financial improvement in the companys performance, Liberty Shoes stated. Anupam Bansal, executive director of Liberty Shoes, said: FY 202425 has been a milestone year for us. Our continued focus on consumer-centric innovation, premium product segments, and digital & retail expansion has yielded strong top-line growth with healthy margins. Operational efficiencies and disciplined cost control have further strengthened our EBITDA and bottom line. We remain committed to sustainable growth and value creation for our stakeholders. Liberty Shoes (LSL) is the flagship company of the Karnal (Haryana) based Liberty Group. The group has presence in Indian footwear industry for the last six decades. LSL is engaged in the business of manufacturing and selling leather and non-leather footwear. The company has five manufacturing facilities with a combined capacity of manufacturing 106 lakh pairs of shoes per annum as on 30 June 2024.
