Get the app today! Download iPhone App Download Android App

SUBSCRIBE

Post-Tax Profits Decrease At O'Donoghue's Of Dublin

Published on Jun 17 2020 10:51 AM in Pub/Bar/Nightclub tagged: Trending Posts / O'Donoghue's

Post-Tax Profits Decrease At O'Donoghue's Of Dublin

New accounts for O'Donoghue's (Merrion Row) Ltd have revealed that post-tax profits decreased 16% to 434,020 at O'Donoghue's pub of Merrion Row in Dublin during the 12 month period that ended on June 30, 2019.

COVID-19 Crisis Impact

O'Donoghue's is currently closed due to the COVID-19 crisis and has temporarily reduced its staff and experienced a reduction in turnover as a result.

According to The Irish Independent, a note attached to the new accounts stated that "the company is working with staff and suppliers while reviewing options under government support schemes", and that the long-term impact of the COVID-19 crisis on the business is currently "unknown".

Further Statistics

O'Donoghue's (Merrion Row) Ltd experienced an increase in accumulated profits from €1.56 million to €1.95 million during the 12 months to the end of June of last year while its cash funds rose from €2.68 million to €2.95 million.

Additionally, pay to directors remained unchanged during the period at €154,698; the company's shareholder funds amounted to €9.3 million at the end of the period; and it paid out €36,000 in dividends.

© 2020 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

Advertising
Share on Facebook Share on Twitter Share on LinkedIn Share via Email