Profits Rise At Garvey Hotel And Retail Group
New accounts filed by Commidare Holdings Ltd have revealed that pre-tax profits at the Co. Kerry-based Garvey hotel and retail group increased 176% to €5 million last year while revenues rose 3.5% to €121 million.
According to The Irish Independent, operating profit at the Garvey group, which consists of two hotels in Dingle as well as nine SuperValu stores in the south-west, increased 18% to €4.15 million during the year ending on January 6, 2018, with corporation tax payments of €733,370 resulting in a post-tax profit of €4.29 million.
Staff Costs And Directors' Remuneration
Meanwhile, the number of people employed by the group grew from 767 to 774 last year with staff costs increasing from €15.46 million to €16.32 million and directors' remuneration rose from €634,427 to €640,155.
© 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.