New accounts filed by Orchard Inn Ltd, the company that operates Dublin's Orchard Inn pub, have revealed that the firm's earnings before interest, tax, depreciation and amortisation (edited) increased 23% from €889,503 in 2016 to €1.09 million last year.
Located in Rathfarnham, the Orchard Inn pub was purchased by publican Charlie Chawke for €22 million 12 years ago. The Irish Independent reports that in response to the revelation of last year's earnings, Chawke said that the venue's business "went from strength to strength" last year and asserted that he is "very happy with how the pub is doing."
Post-Tax Profit And Cash Pile
Orchard Inn Ltd also recorded a rise in post-tax profit from €156,015 in 2016 to €349,372 during the year ending on October 31, 2017, with the company's cash pile increasing to €698,730 while the book value of the pub is €20 million.
Get a FREE Digital Subscription!Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
© 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.