Molloy Holdings Experienced Pre-Tax Loss During Year That Ended On January 31, 2020
The company behind Molloys Bar & Grill in the Dublin suburb of Tallaght and the Molloys off-licence chain, Molloy Holdings, experienced a pre-tax loss during the year that ended on January 31, 2020, according to filings lodged with the Companies Office.
As reported by drinksindustryireland.ie, Molloy Holdings recorded a €20,458 pre-tax profit the previous year.
Drinksindustryireland.ie quotes the filings as saying, "The loss for the financial year, after taxation and minority interests and deficit on revaluation of tangible fixed assets of €1,761,208 (2019: €Nil), amounted to €1,832,789 (2019: €31,925)".
Molloy Holdings' turnover reportedly declined from €17.3 million to €17.2 million during the year that ended on January 31, 2020; the company made an operating profit of €114,505, which followed an operating loss of €17,645 the previous year; staff costs increased by 1.4% to €3,222,274; and emoluments for directors Kevin, Helen and Richard Molloy as well as Helen Murray increased by 3% to €184,342.
The number of bar, off-licence and catering staff employed Molloy Holdings reportedly decreased from 89 to 86 during the year that ended on January 31, 2020, while the number of production staff employed by the company decreased from six to five and the number of admin staff employed by the company remained unchanged at 14.
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