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Operating Profits At The Shed Distillery Of Co. Leitrim Amounted To €1.93m Last Year

Published on Oct 28 2020 11:57 AM in Drinks tagged: Trending Posts / The Shed Distillery / Drumshanbo Gunpowder Irish Gin

Operating Profits At The Shed Distillery Of Co. Leitrim Amounted To €1.93m Last Year

Operating profits at The Shed Distillery of Co. Leitrim amounted to €1.93 million during the year that ended on September 30, 2019.

Meanwhile, the Drumshanbo Gunpowder Irish Gin producer's turnover rose to €8 million during the period from €7.1 million the previous year and it sold more than a million of bottles of gin last year, as reported by The Irish Times.

The Shed Distillery was on track to sell approximately 1.4 million bottles of gin this year before the COVID-19 pandemic hit.

Coronavirus Impact

Talking to The Irish Times, The Shed Distillery founder Pat Rigney said, "If 2021 continues as 2020 has, I think it will put us all under.

"Everything has been turned on its head and things are obviously very challenging for us and everyone else out there in the sector.

"We can't get out to our markets to sell, and obviously travel retail has been hit hard and that is down at least 80%. I'd say we have lost about two years in terms of growth when it is all added up and we have to get that back somehow."

However, Rigney said that the Shed Distillery will record "a small profit" for 2020, despite the adverse impact of the COVID-19 pandemic.

© 2020 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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