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Irish Arm Of Just Eat Pays €10m Dividend To Its Parent As Profits And Revenues Rise

Published on Oct 22 2021 12:30 PM in Food tagged: Just Eat / Takeaway

Irish Arm Of Just Eat Pays €10m Dividend To Its Parent As Profits And Revenues Rise

According to The Irish Times, the Irish arm of Just Eat paid a €10 million dividend to its parent last year after profits and revenues jumped sharply during the pandemic. The online takeaway delivery...

According to The Irish Times, the Irish arm of Just Eat paid a €10 million dividend to its parent last year after profits and revenues jumped sharply during the pandemic.

The online takeaway delivery company reportedly recorded a 30% rise in pretax profits to €14.3 million from €10.9 million a year earlier as turnover increased 40% to €43.4 million from €30.8 million.

Substantial Increases

"The directors are satisfied with the results generated for the year with substantial increases in turnover and operating profits as a result of market share growth," the company reportedly said in a note accompanying recently filed accounts.

Just Eat Ireland Limited reportedly employed an average of 35 people at the end of 2020, reportedly as against 44 in the prior year.

Staff costs including wages and salaries reportedly totalled €2.7 million, reportedly up from €2.5 million in 2019.

In the Republic, Just Eat reportedly has more than 2,600 takeaway restaurants online and its app has reportedly been downloaded more than 2.5 million times since it launched locally in May of 2008.

Parent JustEatTakeaway.com is reportedly Europe's largest food-delivery group reportedly with revenues of €2.6 billion for the first half of 2021, reportedly up 51% on the prior year. The company, which reportedly has 98 million active consumers, reportedly acquired US-based GrubHub in a $7.3 billion deal last year.

© 2021 Hospitality Ireland – your source for the latest industry news. Article by Conor Farrelly. Click subscribe to sign up for the Hospitality Ireland print edition.

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