Get the app today! Download iPhone App Download Android App

Pre-Tax Profits Rise At Press Up Group

Published on Dec 3 2018 10:30 AM in Pub/Bar/Nightclub tagged: Trending Posts / press up

Pre-Tax Profits Rise At Press Up Group

New accounts filed with the Companies Office by Orsen Ltd have revealed that pre-tax profits at pub and restaurant group Press Up increased to €1.86 million last year while revenues rose 32% from €43.9 million to €57.88 million.

As reported by The Irish Independent, the group’s earnings before interest, depreciation, tax and amortisation (EBIDTA) increased 54% in 2017, rising from €4.8 million in 2016 to €7.42 million, with the business paying out a €1 million dividend while shareholder funds amounted to €8 million, staff costs increased from €15.5 million to €18.7 million and the group’s cash pile grew to €2.2 million.

Satisfactory Trading

The directors stated, "All the businesses in the group traded well in 2017, with increased profitability across the board".

© 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.

Share on Facebook Share on Twitter Share on Google+ Share on LinkedIn Share on Tumblr Share via Email