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Milano Records Pre-tax Profits Of €4.66m

Published on Oct 5 2018 1:57 PM in Restaurant tagged: Trending Posts / milano

Milano Records Pre-tax Profits Of €4.66m

Pre-tax profits came to €4.66 million at the Milano Italian restaurant chain last year.

Revenues, Dividend And Staff Numbers

The Irish Independent reports that revenues at Milano company Agenbite Ltd increased by 9% to €25.2 million in 2017 while the firm paid a €12.19 million dividend, following a €12 million dividend in 2016, and staff numbers rose from 493 to 541.

According to the directors, “whilst the rate of turnover growth is slightly lower than in the previous period, the performance is considered to be encouraging given the continuation of challenging market conditions, including the continuing increase in competition in the casual dining industry”.

© 2018 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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